Ag Processing to acquire East Fork Biodiesel

In Nebraska, Ag Processing cooperative signed a LOI to acquire the assets of the former East Fork Biodiesel LLC plant near Algona, Iowa.  The plant, which is currently idle, has a rated capacity of 60 million gallons of biodiesel production annually.

AGP anticipates that the facility will be operational on or before September 1, creating 31 new jobs and new economic activity in the community while expanding the farmer-owned cooperative’s presence in the renewable fuels industry.  AGP is a regionally federated cooperative owned by 185 local cooperatives in the U.S. representing 250,000 farmers.