FINDLAY, Ohio, March 19 /PRNewswire-FirstCall/ -- Marathon Oil
Corporation (NYSE: MRO) today announced that the Company will convert to
100 percent ethanol blended fuel (E-10 gasohol) at 16 of its Midwest
terminals beginning May 1, 2008. Unblended gasoline products will no longer
be available at the following terminals; Indianapolis (86th Street) and
Muncie, Ind.; Louisville (Algonquin), Ky.; Detroit (Refinery Rack),
Romulus, Niles (South), Bay City, Flint, Lansing and Jackson, Mich.;
Brecksville, Lima, Oregon, Lebanon and Cincinnati, Ohio; and
Milwaukee(Granville), Wis.
(Logo: http://www.newscom.com/cgi-bin/prnh/20051027/DATH029LOGO )
"Marathon is proud to announce that it will convert to 100 percent
ethanol blended gasoline at these terminals," said Mary Ellen Peters,
Marathon's senior vice president, Marketing. "Ethanol blended fuels help us
meet the changing needs of our customers. It also supports our nation's
renewable fuels goals, which were recently increased by the Energy
Independence and Security Act of 2007 to nine billion gallons of renewable
fuel in 2008 and 36.0 billion gallons by 2022."
In response to this legislation and increasing customer demand for
ethanol blended gasoline, the Company expanded ethanol blending to more
than 625 million gallons in 2007. In addition, to ensure the security and
flexibility of ethanol supply, the Company also has an equity interest in
ethanol facilities in Clymers, Ind., and Greenville, Ohio, totaling in
excess of 220 million gallons of annual gross ethanol capacity.
About Marathon
Marathon is the fourth-largest U.S.-based fully integrated
international energy company engaged in exploration and production;
integrated gas; oil sands mining; and refining, marketing and
transportation operations. The Company has exploration and production
activities in the United States, the United Kingdom, Angola, Canada,
Equatorial Guinea, Gabon, Indonesia, Ireland, Libya and Norway. Marathon is
the fifth largest refiner in the U.S. with 1,016,000 bpd of crude
processing capacity in its seven-refinery system. The Company's retail
marketing system comprises approximately 6,000 locations in 18 states;
nearly three-quarters are Marathon brand locations. Marathon serves the
Midwest and Southeast as a petroleum products marketer with 87 light
product and asphalt terminals and the Company owns, operates, leases or has
an ownership interest in approximately 9,700 miles of pipeline.
Media Relations Contacts: Linda Casey 419-421-3262
Angelia Graves 419-421-2703
Investor Relations Contacts: Howard Thill 713-296-4140
Chris Phillips 713-296-3213
Michol Ecklund 713-296-3919
SOURCE Marathon Oil Corporation
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Related links:
http://www.marathon.com
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CONTACT:
Media Relations, Linda Casey,
+1-419-421-3262, or Angelia Graves, +1-419-421-2703, or Investor
Relations, Howard Thill, +1-713-296-4140, or Chris Phillips,
+1-713-296-3213, or Michol Ecklund, +1-713-296-3919, all for
Marathon Oil Corporation
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