/PRNewswire-FirstCall/ -- The Andersons Marathon Ethanol LLC (TAME), a partnership between The Andersons, Inc. (Nasdaq: ANDE) and Marathon Petroleum Company LP, a wholly owned subsidiary of Marathon Oil Corporation (NYSE: MRO), announced today that it has entered into an agreement with Continental Carbonic Products, Inc. for the supply of carbon dioxide (CO2) from the TAME plant in
. The agreement provides Continental Carbonic a critical input to build a new 50,000-square-foot dry ice manufacturing facility.
CO2 is a co-product of the ethanol production process which can then be converted to liquefied CO2. Liquefied carbon dioxide (LCO2) is the feed-stock for manufacturing dry ice and is used for a wide variety of other applications. Continental Carbonic has enjoyed significant growth in its core business; producing and delivering high quality dry ice to its customers. The Greenville Dry Ice Plant will facilitate continued growth of the business and employ more than 70 full-time workers when running at full production.
"Continental Carbonic Products is a significant force in the U.S. dry ice market," said
, Vice President & General Manager of Ethanol for The Andersons, Inc. "We are pleased to have them join us at our
ethanol plant, and look forward to advancing our common business interests, as well as contributing to the growth and prosperity of the
The Andersons, Inc., which serves as operator and manager of the ethanol plant in
, has a similar agreement with Continental Carbonic at The Andersons Albion Ethanol plant in
"The Andersons Marathon Ethanol are exactly the type of high quality, high integrity strategic partner we look for when we expand our business," said
Robert Wiesemann II
, CEO and Vice-Chairman of Continental Carbonic. "We have partnered with The Andersons for over four years in
and our relationship has proven to be very beneficial to both parties. We also want to thank the
community and State of Ohio Department of Development who have worked very hard to provide the economic framework to make this project successful and have welcomed us so warmly."
Local officials stated that the city and county are equally enthusiastic about the project.