AgStar announces sale of ethanol plant
AgStar Financial Services’ lending group has announced that Carbon Green BioEnergy has entered into an agreement to purchase the Woodbury, Michigan, US, ethanol plant.
The AgStar lending group recently bought the 40mgy plant following the bankruptcy of its former owners VeraSun Energy. The purchase represents the first direct ownership of ethanol production for Chicago-based Carbon Green BioEnergy.
AgStar will continue to lead a group of lenders in financing Carbon Green BioEnergy, whilst AgStar’s lending group continues ongoing discussions with qualified buyers for five other acquired ethanol plants under their ownership.
The AgStar lending group recently bought the 40mgy plant following the bankruptcy of its former owners VeraSun Energy. The purchase represents the first direct ownership of ethanol production for Chicago-based Carbon Green BioEnergy.
AgStar will continue to lead a group of lenders in financing Carbon Green BioEnergy, whilst AgStar’s lending group continues ongoing discussions with qualified buyers for five other acquired ethanol plants under their ownership.
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