US firm Conestoga Energy acquires biodiesel terminal specialist

Kansas-based bioethanol producer Conestoga Energy Holdings has acquired the assets of VicNRG, a Texas-based marketing, distribution and terminal operating company for biodiesel.

In a statement, Conestoga said that the purchase will enable Conestoga and VicNRG to better serve the needs of their customers in the energy and agriculture sectors.

 “Our acquisition of VicNRG complements our business model of serving markets that are boutique and unique,” said Tom Willis, CEO of Conestoga Energy Holdings.

He added: “This investment represents an important strategic opportunity for us to be a midstream provider of biodiesel marketing and logistics.”

A subsidiary of Conestoga Energy Holdings, Conestoga Energy Partners, is a well-known low-carbon renewable energy specialist.

Established in 2006, Conestoga Energy is based in Liberal, Kansas and operates three plants in Kansas and Texas with a total production capacity of 205 million gallons. The company is also one of the leading providers of distiller grain products for animal feeds.

Founded in 2009, VicNRG is headquartered in Southlake, Texas with offices in Baltimore, Maryland. The company currently operates eight terminal locations in Arizona, California, Indiana, Nebraska, South Dakota and Texas. VicNRG is a leading marketing, distribution and terminal operating company that has developed a national distribution model and integrated service offering which is unique in the industry.