The operations consist of an ethanol production facility with an adjacent 2.7 million bushel grain terminal, previously owned by Amaizing Energy Denison and Amaizing Energy Holding Company, with direct access to two Class 1 railroads in Iowa.
Ethanol Group president Neill McKinstray said as the company’s first ethanol plant west of the Mississippi, the purchase provides it with geographic diversity.
"We are looking forward to expanding our ethanol production, marketing and services in one of the highest corn production regions in the U.S. and offering our grain marketing and risk management services to our growers," McKinstray said.
The ethanol plant in Denison is the fourth ethanol facility in which The Andersons has an investment and serves as manager.
The Andersons Denison Ethanol has been organized to provide investment opportunity for The Andersons as well as outside investors.
It will manage the operations, and provide grain origination, risk management, and DDG and ethanol marketing services.
