top of page
  • Marathon Petroleum Corp.

Marathon, ADM announce closing of renewable diesel feedstock partnership


Marathon Petroleum Corp. and Archer Daniels Midland Co. announced Dec. 14 the closing of their joint venture to produce soybean oil to supply the rapidly growing demand for renewable diesel fuel. The joint venture, which is named Green Bison Soy Processing LLC, will own and operate a soybean processing complex in Spiritwood, North Dakota, with ADM owning 75 percent of the joint venture and Marathon owning 25 percent, as previously announced in August.


Expected to be complete in 2023, the $350 million Spiritwood facility will source and process local soybeans and supply the resulting soybean oil exclusively to Marathon. The Spiritwood complex is expected to produce approximately 600 million pounds of refined soybean oil annually, enough feedstock for approximately 75 million gallons of renewable diesel per year.

Comments


Frazier, Barnes & Associates LLC
Agriculture for Energy to Grow Hawaii's Economy
Inflectis Digital Marketing
Clean Fuels Alliance America
Plasma Blue
WWS Trading
Sealless canned motor pump technology
HERO BX: Fuel For Humanity
Imerys
Veriflux
R.W. Heiden Associates LLC
CPM | Crown Global Companies
Clean Fuels Conference - Fort Worth, TX - Feb. 5-8, 2024
Engine Technology Forum
Topsoe
Biobased Academy
Evonik
Michigan Advanced Biofuels Coalition
Missouri Soybeans
Ocean Park
Oleo-X
Desmet
Soy Innovation Challenge
Myande Group
bottom of page