Marathon Petroleum and ADM to form a joint venture.

Marathon Petroleum, a firm that operates as a crude oil refining company, and ADM, an American multinational food processing and commodities trading corporation, agreed to form a joint venture. Financial terms were not disclosed. The joint venture will own and operate ADM’s previously announced soybean processing complex in Spiritwood, North Dakota, with ADM owning 75% of the joint venture and MPC owning 25%. “This joint venture marks another step in advancing our ability to optimize and source logistically advantaged feedstock for our nearby Dickinson facility, and also creates a platform for further collaboration with a world-class partner as we continue to invest in a sustainable, energy-diverse future," Dave Heppner, MPC Senior Vice President of Strategy and Business Development.