MAUMEE, Ohio — The Andersons Inc. has completed the purchase of an ethanol facility in Denison, Iowa, now known as The Andersons Denison Ethanol LLC..
The operations consist of an ethanol production facility with an adjacent 2.7 million bushel grain terminal, previously owned by Amaizing Energy Denison LLC and Amaizing Energy Holding Company, LLC, with direct access to two Class 1 railroads in Iowa.
“As our first ethanol plant west of the Mississippi, this purchase provides us with geographic diversity,” said Neill McKinstray, president of The Andersons’ Ethanol Group. “We are looking forward to expanding our ethanol production, marketing and services in one of the highest corn production regions in the U.S.”
The Andersons will manage the operations, and provide grain origination, risk management, and DDG and ethanol marketing services.
The ethanol plant in Denison, Iowa, is the fourth ethanol facility in which The Andersons has an investment and serves as manager. The other ethanol facilities are located in Albion, Mich., Clymers, Ind., and Greenville, Ohio.
Founded in Maumee, Ohio, in 1947, The Andersons is a diversified company with interests in the grain, ethanol and plant nutrient sectors of U.S. agriculture, as well as in railcar leasing and repair, turf products production, and general merchandise retailing.