Green Plains Inc. announces its subsidiary, Green Plains Ord LLC, has completed the previously announced sale of its ethanol plant located in Ord, NE, to GreenAmerica Biofuels Ord LLC for $64 million, plus working capital.
In conjunction with this transaction, Green Plains Partners LP has completed the sale of the storage assets and the assignment of certain rail transportation assets associated with Green Plains Ord LLC for $27 million. The partnership’s proceeds from the transaction were used to repay debt.
About Green Plains Inc.
Green Plains Inc. is a leading biorefining company focused on the development and utilization of fermentation, agricultural and biological technologies in the processing of annually renewable crops into sustainable value-added ingredients.
