Yield10 Bioscience (YTEN) and Marathon Petroleum Corporation (MPC) Sign LOI for Potential Investment and Offtake Agreement for Camelina Feedstock Oil for Renewable Fuels

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Go back to Yield10 Bioscience (YTEN) and Marathon Petroleum Corporation (MPC) Sign LOI for Potential Investment and Offtake Agreement for Camelina Feedstock Oil for Renewable Fuels

Yield10 Bioscience and Marathon Petroleum Corporation Sign LOI for Potential Investment and Offtake Agreement for Camelina Feedstock Oil for Renewable Fuels

May 1, 2023 9:17 AM EDT

WOBURN, Mass., May 01, 2023 (GLOBE NEWSWIRE) -- Yield10 Bioscience, Inc. (Nasdaq: YTEN) (Yield10 or the Company), an agricultural bioscience company, today announced that it has signed a non-binding Letter of Intent (LOI) with Marathon Petroleum Corp. (NYSE: MPC, Marathon) for a potential investment and offtake agreement for low-carbon intensity Camelina feedstock oil for use in renewable fuels production. Marathon is a leading, integrated downstream energy company in the U.S.

Yield10 continues to execute on our commercialization plan to supply low-carbon intensity Camelina feedstock oil to the growing North American biofuel market through a network of... More