Marathon petroleum corp., adm announce feedstock partnership to support renewable diesel production

Findlay, ohio & chicago--(business wire)--marathon petroleum corp. (nyse: mpc) and adm (nyse: adm) announced today an agreement to form a joint venture for the production of soybean oil to supply rapidly growing demand for renewable diesel fuel. under the terms of the agreement, the joint venture will own and operate adm's previously announced soybean processing complex in spiritwood, north dakota, with adm owning 75 percent of the joint venture and mpc owning 25 percent. when complete in 2023,
MPC Ratings Summary
MPC Quant Ranking