Valero Renewable Fuels Co. LLC has completed the purchase of a 110 million gal/year ethanol plant near Jefferson, Wis., from privately held Renew Energy.
By OGJ editors HOUSTON, Feb. 5 -- Valero Renewable Fuels Co. LLC has completed the purchase of a 110 million gal/year ethanol plant near Jefferson, Wis., from privately held Renew Energy.
The purchase price is $72 million. Renew Energy filed for bankruptcy early last year after 6 years of operation.
Valero has been buying financially distressed ethanol plants and now owns 10 of them with total producing capacity of 1.1 billion gal/year (OGJ, July 20, 2009, p. 36).
