The Andersons, Marathon to build ethanol plant

Maumee, Ohio and Houston-The Andersons Inc. and Marathon Oil Corp. jointly announced plans to begin construction of an ethanol plant located in Greenville, Ohio. The Greenville site will be the first to be constructed by The Andersons Marathon Ethanol LLC, a 50/50 joint venture between The Andersons, Inc. and Marathon Petroleum Company LLC, a wholly-owned subsidiary of Marathon Oil Corporation. The jv closed the purchase of property in September and received approval from the Greenville City Council for ordinances allowing zoning changes necessary for construction and extension of the enterprise zone that will support tax abatements for the project. The project recently received Ohio EPA approval for an air permit needed for plant operation. The facility, which will have the annual capacity to produce 110 million gallons of ethanol and 350,000 tons of distillers dried grain (DDG), an animal feed ingredient, could be operational as soon as the first quarter of 2008, employing a workforce of 40 employees.