WICHITA, Kan.--(BUSINESS WIRE)--Flint Hills Resources announced today an agreement with Southwest Georgia Ethanol, LLC to acquire its ethanol plant in Camilla, Georgia. The transaction is expected to close after customary closing conditions have been satisfied, including regulatory approvals. The purchase price is not being disclosed.
This will be Flint Hills Resources’ seventh ethanol plant and its first outside the Midwest.
The plant near Camilla opened in 2008 and has an annual capacity of 100 million gallons of ethanol. It also produces more than 275,000 tons of dried distillers grains and approximately 25 million pounds of non-food grade corn oil each year. The plant employs about 60 people.
“The Camilla plant is a premier destination for corn in southwest Georgia,” said Brad Razook, chief executive officer and president of Flint Hills Resources. “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.
About Flint Hills Resources, LLC
Flint Hills Resources, LLC, through its subsidiaries, is a leading refining, chemicals and grain processing company. Its subsidiaries market products such as gasoline, diesel, jet fuel, ethanol, biodiesel, olefins, polymers and intermediate chemicals, as well as base oils and asphalt. Flint Hills Resources operates ethanol plants in Arthur, Fairbank, Iowa Falls, Menlo and Shell Rock, Iowa, and Fairmont, Nebraska. The plants have a combined annual capacity of 650 million gallons of ethanol.
The refining business operates refineries in Minnesota (Rosemount) and Texas (Corpus Christi), with a combined crude oil processing capacity of more than 600,000 barrels per day. The petrochemical business includes production facilities in Illinois, Michigan and Texas. The asphalt business produces and markets product in the Midwest. A subsidiary owns an interest in a lubricants base oil facility in Louisiana.
Based in Wichita, Kansas, Flint Hills Resources has more than 4,600 employees and is a wholly owned subsidiary of Koch Industries, Inc. The company has expanded its operations through capital projects and acquisitions worth more than $8.6 billion since 2002.
About Southwest Georgia Ethanol, LLC
Southwest Georgia Ethanol, LLC is located near Camilla, Georgia. The Company operates a 100 million gallon name plate capacity ethanol plant with distribution within the United States. Prior to the reorganization on December 30, 2011, the Company was a wholly owned subsidiary of First United Ethanol, LLC.
