CHS to buy Illinois ethanol plant

CHS, an ethanol marketer, has signed an agreement to acquire Sinav's Illinois River Energy ethanol plant at Rochelle, Illinois.

The plant, which has a capacity of 133 million gallons per year, began operations in 2006.

Sinav first acquired the plant in January 2012 when it bought GTL Resources. After making a number of improvements, it put the facility up for sale in January last year.

The purchase is expected to be made in June.