Marathon Petroleum Corp. Announces Acquisition of a 49.9% Interest in Emerging RNG Producer
LF Bioenergy has been focused on developing and growing a portfolio of dairy farm-based, low carbon intensity RNG projects. Current projects are under various stages of development, with the first facility nearing completion and expected to be in service in the first half of 2023. LF Bioenergy's management and origination teams continue to expand the portfolio with additional sanctioned projects while progressing their existing pipeline of opportunities toward final investment decisions. As specific project milestones are achieved, MPC is expected to fund its share of capital expenditures, building out this portfolio to produce over 6,500 MMBtu per day by the end of 2026.
"This RNG transaction demonstrates our commitment to lower carbon investments," said
MPC is a leading, integrated, downstream energy company headquartered in
Jamal Kheiry, Communications Manager
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