Nov. 05--One of Minnesota's largest ethanol plants, in the south-central city of Fairmont, is being sold in a $101 million two-plant deal to Green Plains Renewable Energy Inc.
Omaha-based Green Plains said Tuesday that is has signed a deal to acquire both plants owned by BioFuel Energy Corp, a Colorado-based producer that has been struggling. The other plant is in Wood River, Neb.
The Fairmont plant, with a nameplate capacity of 115 million gallons per year, has been closed for a year after high corn prices made operation unprofitable. In a press release, Green Plains said it would restart the plant by the end of the year.
David Shaffer -- 612-673-7090 -- @ShafferStrib
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Original headline: BRIEF: Fairmont ethanol plant purchased by Green Plains
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