Neste to establish a joint venture for production of renewable fuels in the United States with Marathon Petroleum
Neste Corporation, Stock Exchange Release / Insider Information, 1 March 2022, at 11.05 p.m. (EET) Neste Corporation has signed definitive agreements for the establishment of a 50/50 joint venture with US-based Marathon Petroleum (Marathon). The joint venture will produce renewable diesel following a conversion project of Marathon's refinery in Martinez, California (the Martinez Renewable Fuels project). The closing of the joint venture is subject to customary closing conditions and regulatory approvals, including obtaining the necessary permits, which depend upon certification of a