November 30, 2011
Flint Hills Resources is acquiring an idled biodiesel plant in Beatrice, Neb., through a bankruptcy sale. The Nebraska Bankruptcy Court approved the company’s bid today.
The Beatrice plant was built in 2008 but was never in service. The plant is designed to produce 50 million gallons of biodiesel annually.
Flint Hills Resources will explore the possibility of retrofitting the facility with technology designed to improve the cost effectiveness of biodiesel production.
The acquisition is expected to close in mid-December. Flint Hills Resources expects it will take several months to evaluate the site before determining a path forward.
Flint Hills Resources is a leading producer of transportation fuels in the Midwest. The company’s renewable fuels business includes four Iowa ethanol plants with a combined capacity of 435 million gallons, a biodiesel plant in Texas, and investments in biofuels technology and feedstock development.
An affiliate of Flint Hills Resources, Koch Nitrogen Company, operates a fertilizer plant in Beatrice.
Flint Hills Resources, LLC, through its subsidiaries, is a leading refining and chemicals company. It markets products such as gasoline, diesel, jet fuel, ethanol, olefins, polymers and intermediate chemicals, as well as base oils and asphalt. The company, based in Wichita, Kan., has expanded its operations through capital projects and acquisitions worth more than $6.2 billion since 2002. With more than 3,700 employees, Flint Hills Resources strives to create value for customers and society. www.fhr.com
About Flint Hills Resources, LLC
Flint Hills Resources, LLC, through its subsidiaries, is a leading refining and chemicals company. It markets products such as gasoline, diesel, jet fuel, ethanol, olefins, polymers and intermediate chemicals, as well as base oils and asphalt. The company, based in Wichita, Kan., has expanded its operations through capital projects and acquisitions worth more than $6.2 billion since 2002. With more than 3,700 employees, Flint Hills Resources strives to create value for customers and society. www.fhr.com.