Marathon Petroleum to acquire a 49.99% stake in LF Bioenergy in Cresta Fund Management for $50m.

Marathon Petroleum, an integrated, downstream energy company headquartered in Findlay, Ohio, agreed to acquire a 49.99% stake in LF Bioenergy, an emerging producer of renewable natural gas, in Cresta Fund Management, a value-added, middle market-focused firm investing in sustainable and conventional infrastructure projects, for $50m. "This RNG transaction demonstrates our commitment to lower carbon investments. This platform will create the opportunity for further integration and advances MPC's goal to lower the carbon intensity of its operations and the products it offers," Dave Heppner, MPC Senior Vice President of Strategy and Business Development.