# Marathon Petroleum Corp., ADM Announce Feedstock Partnership to Support Renewable Diesel Production

> Marathon Petroleum and ADM announced a joint venture to own and run ADM's Spiritwood, North Dakota soybean processing complex, which is due to start in 2023. The plant will supply about 600 million pounds of soybean oil a year exclusively to Marathon's renewable diesel facility in Dickinson, N.D.

- Date: 2021-08-19 · published 2021-08-19T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/45448-marathon-petroleum-corp-adm-announce-feedstock-partnership-to-support-renewable
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Securing a dedicated local soybean crush for renewable diesel adds structural demand for soybeans and soybean oil. The effect on prices is small until the plant starts operating in 2023.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2021-08-19 | [Marathon Petroleum forms JV with ADM for renewable fuels feedstock \| Reuters](https://feedsoft.ai/events/45651-marathon-petroleum-forms-jv-with-adm-for-renewable-fuels-feedstock-reuters.md) | -4.3% | -8.1% |
| SBO | 2021-08-11 | [US renewable diesel production faces headwinds from high feedstock costs](https://feedsoft.ai/events/45443-us-renewable-diesel-production-faces-headwinds-from-high-feedstock-costs.md) | -2.5% | -10.6% |
| SBO | 2021-04-13 | [Renewable Diesel Feedstock – Green Fuel and Affordable Food Part 2 \| S&P Global](https://feedsoft.ai/events/47458-renewable-diesel-feedstock-green-fuel-and-affordable-food-part-2-s-and-p-global.md) | +7.3% | +19.6% |
| SBO | 2025-08-07 | [Analysis of Feedstock Policy on U.S. Renewable Fuels Production \| Stillwater Associates](https://feedsoft.ai/events/15099-analysis-of-feedstock-policy-on-u-s-renewable-fuels-production-stillwater.md) | -0.3% | -1.9% |
| SBO | 2022-03-01 | [Marathon partners with Neste on Martinez renewable fuels project \| Reuters](https://feedsoft.ai/events/15414-marathon-partners-with-neste-on-martinez-renewable-fuels-project-reuters.md) | +2.9% | -3.2% |
| SOY | 2021-08-11 | [US renewable diesel production faces headwinds from high feedstock costs](https://feedsoft.ai/events/45443-us-renewable-diesel-production-faces-headwinds-from-high-feedstock-costs.md) | -5.4% | -12.2% |
| SOY | 2026-08-26 | [Tight RIN Supplies Could Support Renewable Diesel Demand - RFD-TV](https://feedsoft.ai/events/15004-tight-rin-supplies-could-support-renewable-diesel-demand-rfd-tv.md) | +6.4% | +7.3% |
| SOY | 2022-04-18 | [Federal Register
       :: 
      Renewable Fuel Standard Program: Canola Oil Pathways to Renewable Diesel, Jet Fuel, Naphtha, Liquefied Petroleum Gas and Heating Oil](https://feedsoft.ai/events/15400-federal-register-renewable-fuel-standard-program-canola-oil-pathways-to.md) | +2.0% | +2.4% |

## Sources

- businesswire.com: https://www.businesswire.com/news/home/20210819005761/en/Marathon-Petroleum-Corp.-ADM-Announce-Feedstock-Partnership-to-Support-Renewable-Diesel-Production

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.