North-central Nebraska ethanol plant sold
OMAHA, Neb. (AP) -- An Omaha-based ethanol company says it's buying an idle ethanol plant in north-central Nebraska.
Green Plains Renewable Energy Inc. said Monday that it has signed an agreement with Choice Ethanol Holdings LLC to acquire the former Nedak Ethanol plant in Atkinson. The deal includes an ethanol storage and loading facility about 15 miles east of the plant. Terms were not disclosed.
The Norfolk Daily News has reported that Choice Ethanol, of Fargo, N.D., was a company formed by Nedak Ethanol's lenders. Choice Ethanol had bought the plant at auction in January.
Green Plains CEO Todd Becker said Green Plains plans to staff and restart the plant within the next four weeks.
The plant can produce about 50 million gallons of ethanol a year.