Green Biologics Closes Acquisition of Ethanol Plant
GAHANNA, OH/ABINGDON, UK - Green Biologics Inc. has closed its acquisition of the assets of Central MN Ethanol Cooperative LLC (CMEC). Green Biologics intends to repurpose the operation, which includes a 21 million gallon-per-year ethanol plant, to produce renewable nbutanol and acetone, utilizing its proprietary advanced fermentation process (AFP™) technology platform.
Green Biologics Inc. is a wholly owned U.S. subsidiary of Green Biologics Ltd., a UK industrial biotechnology and renewable chemicals company. With the acquisition, Central MN Renewables LLC (CMR) will become an affiliate of Green Biologics Inc. Current management and employees will continue with CMR. The plant is scheduled to begin production of renewable n-butanol and acetone in 2016, and will continue to produce ethanol until the repurposing is completed.