Ethanex Energy to acquire 26 Mgy Midwest Renewable Energy ethanol plant in Kansas; capacity to expand to 111 Mgy

November 29, 2007

In Kansas, Ethanex Energy will acquire the 26 Mgy Midwest Renewable Energy corn ethanol plant. The base price for the existing plant is $50 million, with a formula for a total price of $220 million, which includes the financing of the completion of the plant’s expansion to 111 Mgy.

Ethanex Energy to acquire Midwest Renewable ethanol project for $220 million

In Nebraska, Ethanex Energy announced that it will acquire the Midwest Renewable Energy ethanol plant in Sutherland, for $220 million in cash and Ethanex stock, in a series of three transactions. U...

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Written by Jim Lane · Filed Under Producer News