NEWS
Wed Feb 5, 2014 02:37 PM CST

Marathon Petroleum to Acquire Cincinnati Biodiesel Plant

STREATOR, Ill. (DTN) -- Marathon Petroleum Corp. said in a news release Monday, Feb. 3, it has signed an agreement to purchase a 4,100-barrel-per-day biodiesel production plant in Cincinnati, Ohio, from Felda Iffco Sdn Bhd, Malaysia.

"MPC has been a producer and large blender of ethanol for many years, and this acquisition will broaden our renewable fuels portfolio with a quality asset," said Mike Palmer, senior vice president, supply distribution and planning.

The plant produces biodiesel and glycerin.

Palmer said Marathon continues to increase its biodiesel blending volumes and this acquisition "will be ...

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