Flint Hills Resources buys seventh ethanol plant

Flint Hills Resources, a subsidiary of Koch Industries, announced Friday that it has reached agreement to buy its seventh ethanol plant, and the first outside the Midwest, in Camilla, Ga.

The transaction with Southwest Georgia Ethanol is expected to close after receiving regulatory approvals. The company did not disclose the purchase price.

The plant opened in 2008 and has an annual capacity of 100 million gallons of ethanol, more than 275,000 tons of dried distillers grains and about 25 million pounds of non-food grade corn oil each year, according to the company. The plant employs about 60 people.

“The Camilla plant is a premier destination for corn in southwest Georgia,” Brad Razook, CEO and president of Flint Hills Resources, said in a statement. “The plant is well-positioned for success and is supported by a professional and dedicated workforce. We look forward to welcoming the Camilla team to Flint Hills Resources.”

Flint Hills Resources' grain processing business currently includes six ethanol plants with a combined annual capacity of 650 million gallons, a biodiesel plant in Nebraska, and investments in biofuels technology and feedstock development.

This story was originally published September 5, 2014 at 4:25 PM with the headline "Flint Hills Resources buys seventh ethanol plant."