Ocean Park says margins to blame for low North American biofuel M&A in 2019

In California, Ocean Park says North American biofuel M&A activity was slow in 2019 due to thin margins, but even so that there wasn’t a single large-scale operating biofuel plant that was sold was rare. It said three ethanol plants representing 226 million gallons of installed production capacity, four biodiesel plants totaling 99 million gallons per year and one advanced biofuel plant were bought and sold last year. Of the total, only four of those plants were operating at the time of purchase.