Tag: The Andersons

The Andersons idles ELEMENT plant and shuts down four facilities for maintenance

The Andersons idles ELEMENT plant and shuts down four facilities for maintenance

March 25, 2020 |

In Ohio, The Andersons, Inc. announced that it will idle its ELEMENT ethanol facility in Colwich, Kansas, in the coming days for an extended maintenance and repair period and will take spring maintenance shutdowns at the four facilities owned by The Andersons Marathon Holdings LLC (TAMH), a joint venture between The Andersons and Marathon Petroleum […]

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The Andersons and Marathon Petroleum merge four ethanol entities

The Andersons and Marathon Petroleum merge four ethanol entities

October 3, 2019 |

In Ohio, The Andersons, Inc. announced that it and Marathon Petroleum Corporation have merged four ethanol entities with and into the new legal entity The Andersons Marathon Holdings LLC (TAMH). The ethanol facilities involved in the merger include those in Albion, Mich.; Clymers, Ind.; and Greenville, Ohio, which were all previously jointly owned by The […]

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The Andersons sees industry consolidation continuing through era of decade-low crush margins

The Andersons sees industry consolidation continuing through era of decade-low crush margins

April 25, 2019 |

In Illinois, Bloomberg reports that the Andersons expects consolidation through the ethanol sector to continue in the face of the lowest crush margins seen in a decade. Analysts say crush margins are currently just above breakeven at around 15 cents per gallon at the moment compared to 25 cents at the same point last year. […]

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EPA approves renewable fuel pathway for Andersons ethanol facility

EPA approves renewable fuel pathway for Andersons ethanol facility

November 18, 2018 |

In Indiana, Andersons Clymers Ethanol LLC received approval from the U.S. Environmental Protection Agency for a pathway for the generation of renewable fuel Renewable Identification Numbers under the renewable fuel standard program for the production of non-grandfathered ethanol. The ethanol is produced through a dry mill process at Andersons’s production facility located in Logansport, Indiana […]

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The Andersons buys out the rest of Lansing Trade Group

The Andersons buys out the rest of Lansing Trade Group

October 17, 2018 |

In Ohio, The Andersons, Inc. announced that it has entered into a merger agreement with Lansing Trade Group, LLC, its long-time affiliate, to acquire the 67.5% of Lansing equity that it does not already own for cash and stock currently valued at a total of approximately $305 million. In addition to paying approximately $175 million […]

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The Andersons and ICM team up on 70 million gallon per year biorefinery

The Andersons and ICM team up on 70 million gallon per year biorefinery

March 7, 2018 |

In Kansas, The Andersons, Inc. and ICM, Inc., announced the formation of ELEMENT, LLC, a joint venture that will construct a 70 million-gallon-per-year bio-refinery located in Colwich, Kansas, adjacent to ICM’s headquarters. This strategic partnership will build and operate a technologically advanced ethanol production facility featuring several of ICM’s cutting-edge equipment and process technologies. The […]

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The Andersons rejects $1 billion buyout offer for failure to provide value

The Andersons rejects $1 billion buyout offer for failure to provide value

May 18, 2016 |

In Ohio, The Andersons has rejected a more than $1 billion buyout offer from hedge fund manager HC2 Holdings because it says the offer for the grains and ethanol firm undervalues the company. The offer is based on $37 per share, above from the recent trading levels of $32 per share. The fund manager said […]

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ICM, The Andersons to expand Albion Ethanol plant in Michigan to 136 million gallon capacity

ICM, The Andersons to expand Albion Ethanol plant in Michigan to 136 million gallon capacity

March 13, 2016 |

In Kansas, ICM will design and build the expansion of The Anderson’s Albion, Michigan location, doubling the facility’s capacity. The project, originally announced in December 2015, will enable the facility to double the capacity of The Andersons Albion Ethanol plant from its current average rate, as well as add a combined heat and power system […]

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“But I won’t cry for yesterday”: The re-making of the US ethanol industry

“But I won’t cry for yesterday”: The re-making of the US ethanol industry

May 21, 2014 |

The migration from first-gen to next-gen biofuels is becoming less ‘Invisible’ — and the new landscape is not, by anyone’s estimation, an ‘Ordinary World’. If Aemetis’ latest earnings hadn’t rocked your world quite enough, here are 10 hot strategies being pursued right now to morph the old into new. If you remained glued to the television […]

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The Andersons Inc. achieves record ethanol income

The Andersons Inc. achieves record ethanol income

May 14, 2014 |

In Ohio, The Andersons Inc.’s Ethanol Group achieved record operating income in the first quarter of 2014 at $19.8 million compared to $2.5 million in 2013. The company attributes the increase to strong ethanol margins and improved performance of ethanol limited liability investments. Margins were affected by low U.S. ethanol supply combined with increased domestic […]

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