By Bruce Comer, Founder and Managing Director, Ocean Park Special to The Digest Slowdown in North American biofuels Mergers and Acquisitions as thin margins and policy uncertainty hung over industry. Biofuels Merger and Acquisition (M&A) activity in North America was subdued in 2019. Only four operating biodiesel, ethanol and advanced biofuels plants were sold during […]
In Minnesota, Advanced BioEnergy, LLC announced that, together with its subsidiary ABE South Dakota, LLC, it has entered into an Asset Purchase Agreement with Glacial Lakes Energy, LLC, based in Watertown, South Dakota, under which the company will sell its Aberdeen and Huron South Dakota ethanol plants to GLE for $47.5 million, plus the value […]
In Minnesota, Advanced BioEnergy, LLC announced it will build an initial 800,000 bushels of year-round corn storage and related grain receiving capabilities at its Aberdeen, South Dakota ethanol plant. The plans include the ability to expand the total year-round corn storage by an additional one million bushels in the future. The grain receiving facility will […]
In South Dakota, Advanced Bioenergy has decided to mothball its ethanol plant in Aberdeen, recognized as one of the first plants in the country, because its technology is outdated and therefore not economically viable in the face of thin margins the industry is suffering from. The company’s CEO said they should have shut down the […]
In Kansas, Advanced BioEnergy, LLC is selling its ethanol plant in Fairmont to Flint Hills Resources. An indirect, wholly owned subsidiary of Koch Industries, Inc., Flint Hills Resources is a refining, chemicals and biofuels company primarily operating in the Midwest, Texas and Alaska. The Fairmont ethanol plant employs 50 people and has an annual capacity […]
In Georgia, GreenShift and Advanced BioEnergy announced the execution of a license agreement and the commissioning of GreenShift’s oil extraction technology at ABE’s 110 MGy ethanol plant in Fairmont, Nebraska. The license agreement calls for GreenShift to provide ongoing technical support, and ABE will access to GreenShifts technologies portfolio to further improve by-product revenues beyond […]
