NEWS
Tue Nov 5, 2013 09:25 AM CST

NEW YORK (DTN) -- Green Plains Renewable Energy, Inc., on Tuesday said it has entered into a definitive agreement to acquire two BioFuel Energy Corp. ethanol plants from an entity composed of its lender group at a cost of $101 million.

The ethanol plants with a combined capacity of 220 million gallons a year are located in Wood River, Neb., and Fairmont, Minn.

Green Plains is based in Omaha, Neb.

The acquisition will boost Green Plains' annual production capacity by 28% to over 1.0 billion gallons of ethanol, 2.9 million tons of distillers' grains and 230 million pounds of corn ...

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