Marathon runs to three slices of ethanol business

Marathon Petroleum has acquired from Mitsui interests in three ethanol companies for $75 million (€56.5 million).

Under the agreement Marathon acquired an additional 24% interest in Andersons Clymers Ethanol, a 34% interest in Andersons Ethanol Investment and a 40% interest in Andersons Albion Ethanol.

Ascendant Partners served as Mitsui’s financial advisor for these transactions, which provides capital solutions to clients in the food, agribusiness and renewable energy industries.