Image courtesy of Ocean Park
Green Plains Inc. closed on the sale of its 55 million gallon ethanol plant located in Atkinson, Nebraska. The purchaser and financial terms were not disclosed.
Ocean Park acted as exclusive financial advisor to Green Plains on the transaction.
While the Nebraska ethanol plant is changing hands, it will continue producing renewable fuel in 2023. The move comes as demand for low carbon fuels grows nationwide.
“We are pleased to advise on another ethanol plant divestiture and appreciate our long-standing relationship with Green Plains,” said Mark Fisler, Ocean Park managing director. “This transaction marks the thirty-seventh successful biofuels transaction for Ocean Park, which further solidifies our position as a leading advisor in the renewable fuels and chemicals industries.”