Valero buys Wisconsin ethanol plant

Valero Renewable Fuels Co. LLC has completed the purchase of a 110 million gal/year ethanol plant near Jefferson, Wis., from privately held Renew Energy.

By OGJ editors
HOUSTON, Feb. 5 --
Valero Renewable Fuels Co. LLC has completed the purchase of a 110 million gal/year ethanol plant near Jefferson, Wis., from privately held Renew Energy.

The purchase price is $72 million. Renew Energy filed for bankruptcy early last year after 6 years of operation.

Valero has been buying financially distressed ethanol plants and now owns 10 of them with total producing capacity of 1.1 billion gal/year (OGJ, July 20, 2009, p. 36).

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