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People & Business :: M&A
Flint Hills Buys Biodiesel Plant for $5 Million
3:15 PM MST | November 30, 2011 | Vincent Valk
Flint Hills Resources (Wichita, Kan.), a Koch Industries subsidiary, has purchased a biodiesel plant in Beatrice, Nebraska, via bankruptcy sale in Nebraska Bankruptcy Court. The plant, which has a capacity of 50 million gallons/year, was built in 2008 but never put in production. Flint Hills paid $5 million in a bankruptcy auction for the plant, which was originally constructed by Beatrice Biodiesel LLC (Beatrice, Neb.) for $52 million. The deal is expected to close in the middle of December. Flint Hills expects to retrofit the plant, which was built to use...
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