Marathon Petroleum spent $75 mln on ethanol credits in Q4 -CEO

HOUSTON Thu Oct 31, 2013 10:44am EDT

HOUSTON Oct 31 (Reuters) - Marathon Petroleum Corp spent $25 million per month, or a total of $75 million, on ethanol credits in the third quarter to comply with U.S. renewable fuel standards policy, Chief Executive Gary Heminger told analysts on Thursday.

The total bill was up from $60 million in the second quarter.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.