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Crookston Times - Crookston, MN
  • Closed Minn. ethanol plant sold

  • Green Plains Renewable Energy says it has bought the BioFuel Energy facility in Fairmont.
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  • Green Plains Renewable Energy says it has bought the BioFuel Energy facility in Fairmont.
    The ethanol plant has been closed for nearly 14 months.
    Omaha, Neb.- based-Green Plains also purchased the BioFuel plant in Wood River, Neb.
    The company says it paid about $101 million for the two facilities.
    Minnesota Public Radio News reports both the Minnesota and Nebraska 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.

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