Soybean Oil Manufacturing Plant -- Spiritwood, ND -- MPC, ADM -- Close On Deal -- December 17, 2021

 Link here.

• JV: Archer-Daniels-Midland, Marathon Petroleum Corporation (the refiner)
• product: soybean oil --> renewable diesel fuel
• ADM: 75%
• MPC: 25%
• to be completed in 2023
• product to be supplied to MPC
• 600 million lbs of refined soybean oil per year--> 75 million gallons of diesel per year
• diesel: one gallon = 137,381 Btu
• North Dakota consumption: 100 trillion Btu distillate fuel oil
• 100,000,000,000,000 / 137,381 = 730 million gallons per year
• Spiritwood: about 10% of ND's annual distillate fuel consumption (?)
• disclaimer: I often make simple arithmetic errors.