Sponsored By

November 9, 2018

1 Min Read
German Biofuel Firm Buys DuPont Ethanol Plant in Iowa

German biofuels and technology company VERBIO Vereinigte BioEnergie AG announced Thursday that its subsidiary entered into a contract with DuPont to acquire the chemical maker’s cellulose ethanol production facility in Nevada, IA. 

Under the terms of the deal, VERBIO North America Corporation, a 51% subsidiary of the firm based in Grand Rapids, MI, will take possession of the plant and 100,000 tn of baled corn stocks stored at several sites within 50 km of the plant. 

“This transaction allows VERBIO to enter the world’s largest biofuel market using its unique straw bio-methane technology,” the company said in a press release. “There are good opportunities for growth in the viable U.S. market for renewable natural gas (RNG).”

The plant features an existing corn stalk processing capacity of 300,000 tn and ethanol production capacity of 115,000 cm. VERBIO said it plans to invest $25 million to $35 million to expand the Nevada plant, including the addition of a new straw bio-methane plant.

VERBIO did not disclose the price of the transaction. The company expects the sale to close by the end of 2018. 

For more news headlines, articles, and equipment reviews, visit our Equipment Zones

Sign up for the Powder & Bulk Solids Weekly newsletter.

You May Also Like