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Marathon Petroleum spent $75 mln on ethanol credits in Q4 -CEO
October 31, 2013 / 2:45 PM / 4 years ago

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

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.

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