Andersons Buys Marathon Ethanol Stake for $425 Million (2)

Andersons Inc. has acquired the remaining stake in its ethanol joint venture with Marathon Petroleum Corp. for $425 million, and the crop trader is still looking to expand.

The deal with Marathon includes four ethanol plants and doubles the Andersons investment in biofuels, according to a statement. The companies initially formed a joint venture in 2019.

Andersons’ deal comes as President Donald Trump’s administration has boosted quotas for blending renewable fuels into the US energy supply.

“We have believed in these four plants for well over a decade, and they’ve been a good returning investment for the Andersons,” ...