Greenfield Global acquires shuttered Winnebago ethanol plant
Greenfield Global Inc., Canada's largest fuel ethanol producer, has announced that it has acquired the 49 million (US) gallons (≈ 185.5 million litres) per-annum Corn Plus ethanol facility in the United States (US). Located in Winnebago, Minnesota (MN), the Corn Plus facility makes ethanol for the purpose of blending into gasoline and has been shuttered since September 2019.
Founded in 1989, Greenfield Global is the largest ethanol producer in Canada and owns and operates four ethanol distilleries, five specialty chemical manufacturing and packaging plants, and three next-generation biofuel and renewable energy R&D centers in Canada and the United States (US).
This ushers in a new era of North American production for Greenfield. We are excited to join producers in the United States in making the world’s cleanest and most accessible biofuel. The addition of Corn Plus to our biofuels portfolio complements our strategy of being a leading producer of renewable energy solutions and enhances our ability to service low-carbon fuel markets more effectively and efficiently, said Howard Field, President & CEO of Greenfield Global.
The addition of a US-based corn ethanol facility provides Greenfield Global with a larger and more diverse geographic footprint from which to operate.
Biofuels are the key to lowering greenhouse emissions in the transportation sector. This investment in our ethanol portfolio, combined with the expansion of our biorefinery in Varennes, Québec, will significantly increase our ability to supply renewable fuel needed to help preserve the health of our planet, said Jean Roberge, EVP & Managing Director of the Greenfield Global Renewable Energy Business Unit.
Greenfield Global has purchased the Corn Plus facility in a receivership process and expects to produce fuel ethanol and its co-products once a startup plan is established.
We look forward to welcoming the Corn Plus team to Greenfield, re-establishing a market for Minnesota corn growers, and working closely with the community to bring jobs back to Winnebago. We are confident that our best practices, paired with the technology adaptation experience of our combined staff, will produce Greenfield’s industry-leading, low carbon intensity biofuels from this facility, Jean Roberge added.
According to the company, the North American fuel markets will continue to operate as an increasingly interconnected supply chain given the market challenges of the coronavirus (COVID-19), coupled with the recent coming into force of the United States-Mexico-Canada Agreement (USMCA)
Greenfield’s fuel ethanol customers will benefit from this new supply of low carbon ethanol. We are excited to offer our existing customers more resilience and broader supply options to meet their increasing demands while serving new fuel customers in the United States, said Douglas Dias, VP Sales, and Market Development at Greenfield Global.