SVPGlobal closes on White Energy’s Russell, Kansas ethanol business

In Connecticut, Strategic Value Partners Global announced that it has officially closed on its purchase of White Energy’s food ingredient and ethanol business in Russell, KS. The sale includes two integrated plants — the largest vital wheat gluten manufacturing facility in North America and one of the nation’s most cost-efficient ethanol production facilities.

SVPGlobal will now operate the following facilities as a standalone enterprise:

• • Russell Gluten: With an annual production capacity of 56 million pounds, this is the nation’s largest producer of vital wheat gluten, a plant-based protein used as an ingredient in a number of attractive and high-growth food markets including baked goods, pet foods, and vegetarian and vegan foods. The new company will continue to market premier food ingredient products under the Heartland brand name, trusted by leading brands in the food and beverage industry.
• • Russell Ethanol: This facility produces over 50 million gallons of ethanol per year — at some of the lowest unit costs in the industry and with the best carbon footprint of any facility of its kind in the United States. The low-carbon fuel is sent to premium clean fuel markets where the company receives attractive carbon credits. These achievements are made possible by the plant’s unique design, which enables it to consume starch by-products generated at the adjacent gluten facility.

White Energy will continue to operate ethanol production facilities in Hereford and Plainview, TX, with the capacity to produce 260 million gallons of biofuel a year.