30 November 2011 21:51 [Source: ICIS news]
HOUSTON (ICIS)--Flint Hills Resources (FHR) is acquiring an idled biodiesel plant in Nebraska through a bankruptcy sale, the company said on Wednesday.
The 50m gal/year (189m litres/year) plant in Beatrice, southeast Nebraska, was built in 2008 but was never in service, FHR said.
The acquisition is expected to close in mid-December.
No financial details were disclosed.
FHR said it would explore the possibility of retrofitting the facility to improve the cost effectiveness of biodiesel production.
The company's renewable fuels business includes four Iowa ethanol plants with a combined capacity of 435m gal/year, a biodiesel plant in Texas and investments in biofuels technology and feedstock development.
For more on FHR’s plants visit ICIS plants and projects
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