Green Plains Renewable Energy says it has bought the BioFuel Energy facility in Fairmont.

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.