Fairmont Ethanol Plant Purchased 06 Nov 13

Green Plains Renewable Energy has reportedly purchased the BioFuel Energy facility in Fairmont. The ethanol plant has been closed for nearly 14 months. The Omaha-based Green Plains also purchased the BioFuel plant in Wood River, Nebraska, and says that it paid about $101-million for the two facilities. Both plants can produce about 110-million gallons of ethanol a year. Green Plains plans to reopen the Fairmont plant by the end of this year. Green Plains is the nation’s fourth largest ethanol producer, selling about 1-billion gallons of the corn-based fuel a year. Fairmont will be the company’s second Minnesota plant. Green Plains also owns an ethanol operation in Fergus Falls.