Green Plains becomes 4th largest US ethanol producer with 480 Mgy

In Nebraska, Green Plains Renewable Energy announced that it has closed on the acquisition of an additional 150 Mgy in Nebraska-based ethanol capacity in Central City and Ord. With the acquisition, Green Plains has become the fourth largest US ethanol producer with 480 Mgy in capacity. AgStar Financial Services, PCA and other banks provided $123.5 million in financing for the plant acquisitions and the Lenders have supplied $16.0 million in seasonal revolving loans for working capital needs of the plants.

Green Plains also operates an independent third-party ethanol marketing service, with marketing capacity of 305 Mgy, and a 51 percent interest in  the Blendstar biofuel terminal operations with six facilities in five states.

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