HOUSTON, and MAUMEE, Ohio -- Marathon Oil Corporation and The Andersons Inc. today jointly announced that the companies will immediately 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 joint venture closed the purchase of property in September and received approval by 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 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. The facility could be operational as soon as the first quarter of 2008, employing a workforce of 40 employees.

Marathon is the fourth-largest U.S.-based fully integrated international energy company engaged in exploration and production; integrated gas; and refining, marketing and transportation operations.

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 seven U.S. states plus rail leasing interests in Canada and Mexico.

SOURCE: Marathon Oil Corporation; The Andersons, Inc. via PR Newswire.