New purchase increases Marathon’s biodiesel options

US-based ethanol producer Marathon Petroleum has signed an agreement to purchase a facility in Ohio from Felda Iffco, a Malaysian company.

The plant currently produces several products including biodiesel and glycerin. The capacity of the plant is 4,100 barrels per day. The transaction is expected to close this April but the details are not being disclosed.

‘This acquisition will broaden our renewable fuels portfolio,’ says Marathon senior VP of supply distribution Mike Palmer. ‘We continue to grow our biodiesel blending volumes and this acquisition will be a natural value chain fit.'