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The Andersons Sets Venture

It and Marathon plan an ethanol plant.

The Andersons (ANDE) - Get Andersons, Inc. Report and Marathon Oil (MRO) - Get Marathon Oil Corporation (MRO) Report signed a definitive agreement forming an equally owned ethanol plant joint venture.

Maumee, Ohio-based The Andersons said the joint venture will be called The Andersons Marathon Ethanol LLC.

The Andersons will provide day-to-day management of the ethanol plants, as well as corn origination. Site selection for the initial plant is expected to be finalized soon and is contingent upon several factors including access to adequate corn, proximity to ethanol and distillers dried grain customers, infrastructure and transportation and economic incentives.

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