Cargill buys plant from Tate & Lyle

In Fort Dodge, Iowa, US, producer and marketer of food, agricultural, financial and industrial products and services Cargill has acquired a corn wet mill ethanol plant from Tate & Lyle.

The facility's current annual production capacity stands at 115 million gallons of ethanol from 150,000 bushels of corn a day.

Speaking about the purchase, Alan Willits, Cargill Corn Milling North America's president, says: 'We believe that a highly efficient, well-located corn wet mill ethanol plant fits well into out bio-product portfolio.

'The corn wet mill ethanol plant will provide the base load corn grind for the campus, and we hope to support additional business growth in the coming years', he adds.