Flint Hills set to acquire Platinum Ethanol plant

Refining, chemicals and biofuels company Flint Hills Resources recently announced it will be purchasing Platinum Ethanol's plant in Arthur, Iowa. Refining, chemicals and biofuels company Flint Hills Resources recently announced it will be purchasing Platinum Ethanol's plant in Arthur, Iowa. According to Reuters, the terms of the deal have not yet been released to the public, but it should close later this year and will bring Flint Hills' Iowa ethanol plant tally up to five.

Flint Hills is focused on the Midwestern state because it produces the most ethanol and corn in the nation, according to Reuters.

"The Arthur plant will be a strong addition to our biofuels business," Flint Hills CEO Brad Razook said in a statement. "This is a quality operation in one of the best corn-producing regions of the country and it's supported by a topnotch professional workforce."

The facility opened in 2008 and currently has 50 employees. Its ethanol production capacity is 110 million gallons per year. Flint Hills spokesman Jake Reint told The Sioux City Journal the company does not plan to make many changes to the ethanol plant.

Following the completion of this purchase, Flint Hills' ethanol plants combined will have an annual capacity of 660,000 million gallons, according to Reuters.

More information on ethanol can be found at PennEnergy's research area.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs