Ergon acquires interest in ethanol facility

Ergon acquires interest in ethanol facility

ERGON Inc. recently announced that it now owns 100% of Ergon BioFuels LLC in Vicksburg, Miss., after acquiring Bunge North America Inc.'s interest.

Financial terms were not disclosed. Effective Dec. 31, 2013, Bunge-Ergon Vicksburg LLC changed its name to Ergon BioFuels LLC.

Ergon BioFuels began as a joint venture between Ergon Ethanol Inc. and Bunge North America in 2007. With an annual throughput capacity of 54 million gal., the venture was one of the largest producers of ethanol in the southeastern U.S. until operations were suspended in December 2012.

"This transaction allows us to look at alternative feedstocks, as well as how the plant may be used for products beyond traditional ethanol production," said Don Davis, president of Ergon's refining and marketing division. "In addition, we feel the Ergon BioFuels facility will be synergistic with nearby Ergon Refining Inc.'s opportunities for an expanded product base."

Volume:86 Issue:02

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