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Markets :: Alternative Fuels :: Bioethanol
Flint Hills to Acquire Two U.S. Ethanol Plants
8:29 AM MDT | August 18, 2010 | Lindsey Bewley
Koch Industries’ Flint Hills Resources says it will acquire two ethanol plants from renewable energy company Hawkeye Growth (Ames, IA) located at Menlo and Shell Rock, IA, for an undisclosed sum. The plants both opened in 2008 and each have the capacity to produce about 110 million gal/year of ethanol. The deal is expected to close in September. “These are high-quality, second-generation ethanol plants that are well-positioned to serve major U.S. fuels markets,” says Brad Razook, president of Flint Hills Resources. “This acquisition...
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