Marathon Petroleum purchases biodiesel facility in Ohio, details not disclosed Marathon Petroleum announced that it has signed an agreement to purchase a facility in Cincinnati, Ohio from Felda Iffco Sdn Bhd, Malaysia. The plant currently produces several products including biodiesel and glycerin. The capacity of the plant is 4,100 barrels per day. The transaction is expected to close in April. The details of the transaction are not being disclosed.
Marathon Petroleum downgraded to Market Perform from Outperform at Wells Fargo Wells Fargo downgraded Marathon Petroleum to Market Perform saying new global capacity additions are likely to pressure refining margins in 2015. Wells has a $82-$87 price target range for shares.