Green Plains: era of ethanol asset fire-sales is over

In Iowa, Green Plains Renewables says that the days of snapping up cheap ethanol assets are over, as all opportunities for buying up the right equipment at the right location for under $1 per gallon of installed capacity have been bought up.

The company hopes to break ground by the end of the year on its five-acre test algae farm that will use carbon dioxide captured at Green Plains’ Shenandoah, Iowa, plant and could eventually be expanded to 400 acres.