Flint Hills acquires idled Nebraska biodiesel plant
Flint Hills Resources is acquiring an idled biodiesel plant in Beatrice, Neb., through a bankruptcy sale.
The Nebraska Bankruptcy Court approved the company’s bid on Wednesday. Financial terms were not disclosed by the company.
The Beatrice plant was built in 2008 but was never in service. The plant is designed to produce 50 million gal/year of biodiesel.
Flint Hills Resources says it will explore the possibility of retrofitting the facility with technology designed to improve the cost effectiveness of biodiesel production.
The acquisition is expected to close in mid-December. Flint Hills Resources expects it will take several months to evaluate the site before determining a path forward, it said.
Flint Hills Resources is a leading producer of transportation fuels in the US Midwest.
The company’s renewable fuels business includes four Iowa ethanol plants with a combined capacity of 435 million gallons, a biodiesel plant in Texas, and investments in biofuels technology and feedstock development.
An affiliate of Flint Hills Resources, Koch Nitrogen Co., operates a fertilizer plant in Beatrice.
Comments