Green Plains develop JV for import-export terminal in Beaumont

June 14, 2016 |

In Texas, Green Plains says it will jointly invest $55 million in its first import-export terminal in Beaumont co-located with its joint venture partner. Jefferson Gulf Coast Energy Partners. The company is on a major drive to ramp up capacity, having bought two ethanol plants in Virginia and Texas in November and putting $200 million on the table to buy two plants from Abengoa. If the deals go through, the company would be on a par with Valero producing around 1.4 billion gallons.

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