Tag: The Andersons

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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Andersons doesn’t see E15 and E85 demand picking up in time to save margins

Andersons doesn’t see E15 and E85 demand picking up in time to save margins

September 2, 2013 |

In Ohio, The Andersons says that ethanol margins will be squeezed again in a few months as ethanol supplies rise because the use of E15 and E85 isn’t rising enough to absorb increased production. Until demand picks up, ethanol producers will have to eek out every drop of profit from the kernel possible, such as […]

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The Andersons’ ethanol profits soar in Q1 on higher margins

The Andersons’ ethanol profits soar in Q1 on higher margins

May 13, 2013 |

In Ohio, operating profits for the ethanol arm of The Andersons soared to $2.5 million during the first over just $100,000 last year thanks to improved ethanol margins, which Morgan Stanley estimates are currently around 29 cents per gallon, and on more income from ethanol co-products. Morgan Stanley estimates for ethanol margins include a 75 […]

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Green Plains sells a dozen elevators to The Andersons

Green Plains sells a dozen elevators to The Andersons

October 29, 2012 |

In Nebraska, Green Plains Renewable Energy is selling a dozen of its grain elevators, or 83% of its storage capacity in Tennessee and Iowa, to The Andersons for $133.1 million including just over $28 million in debt. The company expects further grain storage capacity expansion near its two ethanol facilities in Nebraska.

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The Andersons finalizes acquisition of Iowa ethanol plant

The Andersons finalizes acquisition of Iowa ethanol plant

May 4, 2012 |

In Ohio, The Andersons have completed the purchase of an ethanol facility in Denison, Iowa, now known as The Andersons Denison Ethanol.  The operations consist of an ethanol production facility with an adjacent 2.7 million bushel grain terminal with direct access to two Class 1 railroads in Iowa.  This is the fourth ethanol facility in […]

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The Andersons add wheat to ethanol mix as cost hedge

The Andersons add wheat to ethanol mix as cost hedge

July 11, 2011 |

In Ohio, The Andersons confirmed that it has commenced mixing soft red winter wheat as a feedstock into its ethanol operations, as a hedge and cost-saver in the wake of rising corn prices. The company operates 300 million gallons of ethanol capacity at three plants in Indiana, Michigan and Ohio.

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