The Andersons Run With Marathon
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Posted by Cindy Zimmerman – November 17th, 2006
Marathon Oil Corporation and The Andersons, Inc. are planning to start construction immediately on an ethanol plant in Greenville, Ohio.
According to a joint press release, the Greenville site will be the first to be constructed by The Andersons Marathon Ethanol LLC, a 50/50 joint venture between The Andersons, Inc. and Marathon Petroleum Company LLC, a wholly owned subsidiary of Marathon Oil Corporation.
The plant will produce 110 million gallons of ethanol and 350,000 tons of distillers dried grain per year and is expected to be in production in the first quarter of 2008.
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Ethanol is Small Part of The Andersons Business - Domestic Fuel
[...] They got into the ethanol business as a natural extension of the grain division back in 2005, starting with a joint venture in Michigan, then adding the Clymers, Indiana plant and finally the one in Greenville, Ohio. “We are not the majority owner of those (plants), we’re a minority,” said Bensch. “Marathon is a partner in one and I think that was the first time a major oil company got involved in the ethanol business.” (See our post from November 2006) [...]
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