Flint Hill completes Nebraska ethanol facility acquisition
The Fairmont ethanol plant has now changed ownership from Advanced Bioenergy to Flint Hills Resources as previously reported by Bioenergy Insight.
The acquisition was announced on 7 December but the finances have not yet been revealed. It is believed that Flint Hill will be looking to appoint four new members of staff at the plant based in Nebraska.
The plant has a capacity of 115 million gallons and can produce more than 320,000 tonnes of dried distilled grains a year.
This is Flint Hill’s second major acquisition in less than two years following its purchase of the Beatrice Biodiesel plant for $5 million (€3.85 million) in 2011.