Dedication Set for Greenville Ethanol Plant
May 30, 2008
The Andersons, Inc.
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 www.andersonsinc.com .
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.
First Call Analyst:
SOURCE: The Andersons, Inc.
CONTACT: Debra A. Crow of The Andersons, +1-419-891-6483,
Web site: http://www.andersonsinc.com/