Neste and Marathon Petroleum to establish JV for production of renewable fuels

MOSCOW (MRC) -- Neste Corporation has signed definitive agreements for the establishment of a 50/50 JV with US-based Marathon Petroleum, reported Reuters. The JV will produce renewable diesel following a conversion project of Marathon's refinery in Martinez, California (the Martinez Renewable Fuels project). The closing of the JV is subject to customary closing conditions and regulatory

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