Flint Hills Acquires Iowa Ethanol Plant

STREATOR, Ill. (DTN) -- Flint Hills Resources said in a news release Thursday, Sept. 5, it finalized the acquisition of an Arthur, Iowa, ethanol plant from Platinum Ethanol.

Terms of the deal were not disclosed by Flint Hills.

The Arthur facility opened in 2008 and has an annual capacity of 110 million gallons of ethanol. It also produces 300,000 pounds of distillers' grains and approximately 23 million pounds of non-food-grade corn oil each year.

Flint Hills Resources' biofuels business includes five ethanol plants with a combined capacity of 550 million gallons, a biodiesel plant in Texas, and investments in biofuels technology and feedstock development.

Flint Hills Resources, LLC, based in Wichita, Kan., through its subsidiaries, is a refining, chemicals and biofuels company. Its subsidiaries market gasoline, diesel, jet fuel, ethanol, biodiesel, olefins, polymers and intermediate chemicals, as well as base oils and asphalt. Flint Hills Resources operates ethanol plants in Fairbank, Iowa Falls, Menlo and Shell Rock, Iowa; and Fairmont, Neb.

The plants have a combined annual capacity of 550 million gallons of ethanol, increasing to 660 million annually with the new acquisition.

(BM/AG)

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