Plains Archives

Green Plains to purchase Texas ethanol plant from Murphy USA

Plantations International News Green Plains and petrol retailer Murphy USA have signed a definitive agreement regarding the purchase by Green Plains of Murphy USA's ethanol production facility located in Hereford, Texas. Under the terms of the agreement, Green Plains will acquire Hereford Renewable Energy for approximately $ 93.8 million (€85 million), subject to customary closing adjustments. The transaction value includes $ 78.5 million for the ethanol production facility with the balance for working capital. The transaction is expected to close this month subject to customary closing conditions and regulatory approvals. The facility is a Lurgi-designed, ICM-modified ethanol plant with approximately 100 [...]

Environment-friendly Plains acquires Hopewell ethanol plant

Plantations International News In the United States, Green Plains has actually obtained an ethanol production facility located in Hopewell, Virginia, from FutureFuels. Operating at complete storage capacity, Green Plains states the dry mill ethanol plant will certainly boost its annual production capability by around 60 million gallons to almost 1.1 billion gallons per year. 'We are positive in our capability to considerably enhance the plant's manufacturing economics by applying our operational and also business competence,' claims Todd Becker, president and also Chief Executive Officer. 'We intend to create a number of capital expense prior to rebooting the plant to boost its [...]