MAUMEE, Ohio, May 30 /PRNewswire-FirstCall/ -- The Andersons, Inc.
(Nasdaq: ANDE) and Marathon Oil Corporation (NYSE: MRO) will dedicate their
jointly-owned ethanol plant in Greenville, Ohio, on Saturday, May 31, at 10
a.m. This is an invitation-only event.
Featured speakers will include state and local government officials and
a representative from the Renewable Fuels Association, as well as officials
from The Andersons and Marathon, who will be available for media interviews
following the dedication. All activities will be held outdoors.
Operational since early February, this facility is capable of annually
producing 110 million gallons of ethanol. The plant also will produce
350,000 tons of distillers dried grains, an animal feed ingredient.
Construction on the facility began in November 2006.
"The dedication of this ethanol plant represents an additional 45 full
and part-time jobs in the Darke County-area; an additional market for area
corn growers; and a local supply of distillers dried grains for area animal
farmers," says Neill McKinstray, vice president & general manager, Ethanol
Division for The Andersons. "We are grateful to Darke County, the City of
Greenville and the Greenville Economic Development office for their support
and commitment of this project."
"Our partnership in the Greenville facility, the largest ethanol plant
in Ohio, makes Marathon one of the first U.S. oil companies to initiate
ethanol production operations," said Gary R. Heminger, executive vice
president of Marathon Oil Corporation and president of the company's
refining, marketing and transportation operations. "Marathon has been
blending ethanol fuels for more than 15 years and is among the nation's
largest blenders of ethanol. We also are a leader in quality testing of
ethanol and a pioneer in creating the distribution infrastructure necessary
to make ethanol available in the Midwest and Southeast."
The Greenville, Ohio, plant was constructed by The Andersons Marathon
Ethanol LLC, a 50/50 joint venture between The Andersons Ethanol Investment
LLC, a subsidiary of The Andersons, Inc., and Marathon Renewable Fuels LLC,
a wholly owned subsidiary of Marathon Oil Corporation.
About The Andersons, Inc.
The Andersons, Inc. is a diversified company with interests in the
grain, ethanol and plant nutrient sectors of U.S. agriculture, as well as
in railcar leasing and repair, turf products production, and general
merchandise retailing. Founded in Maumee, Ohio, in 1947, the company now
has operations in 10 U.S. states and Puerto Rico, plus rail leasing
interests in Canada and Mexico. For more information, visit The Andersons
online at http://www.andersonsinc.com .
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.
SOURCE The Andersons, Inc.
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Related links:
http://www.andersonsinc.com
CONTACT:
Debra A. Crow of The Andersons,
+1-419-891-6483, debra_crow@andersonsinc.com; or Linda Casey of
Marathon Petroleum, +1-419-421-3262,
lmcasey@marathonpetroleum.com
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