Canada's largest fuel ethanol producer has revealed it will acquire the 182 million litre (48 million gallon) per-year Corn Plus ethanol facility.
The Corn Plus facility in Winnebago, Minnesota, makes ethanol for blending into petroleum, but has been mothballed since last year.
"This ushers in a new era of North American production for Greenfield," said Howard Field, president and CEO of Greenfield Global.
“We are excited to join producers in the US in making the world's cleanest and most accessible biofuel. The addition of Corn Plus to our biofuels portfolio complements our strategy of being a leading producer of renewable energy solutions and enhances our ability to service low-carbon fuel markets more effectively and efficiently."
Greenfield Global's addition of a US based-corn ethanol facility provides it with a larger and more diverse geographic footprint from which to operate.
Greenfield Global purchased the Corn Plus facility in a receivership process. The company expects to produce fuel ethanol and its co-products once a start-up plan is established.
"We look forward to welcoming the Corn Plus team to Greenfield, re-establishing a market for Minnesota corn growers, and working closely with the community to bring jobs back to Winnebago." said Jean Roberge, the managing director of the Greenfield Global Renewable Energy Business Unit.
"Biofuels are the key to lowering greenhouse emissions in the transportation sector. This investment in our ethanol portfolio, combined with the expansion of our biorefinery in Varennes, Quebec, will significantly increase our ability to supply renewable fuel needed to help preserve the health of our planet."
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