In the United States (US), ethanol producer KAAPA Ethanol Holdings, LLC (KAAPA) and Aurora Cooperative Elevator Company (Aurora Cooperative) have recently announced that the parties have closed on a joint venture, forming a new company KAAPA Partners Aurora, LLC.
Please reload the page
Do you want to read the whole article?
- Six editions per year
- Full access to all digital content
- The E-magazine Bioenergy international
- And more ...
Headquartered in Aurora, Nebraska (NE), Aurora Cooperative has over 650 employees across 70 locations in six states where they provide products, services, and expertise in grain, agronomy, animal nutrition, and energy.
The new JV, KAAPA Partners Aurora, now owns and operates the ethanol and grain facilities located west of Aurora, NE.
KAAPA is the majority owner and operator of the facilities, with Aurora Cooperative retaining a minority interest in the new company.
I am excited that we have closed the transaction so that we can move forward with making needed investments in the facilities to increase efficiency and capacity. We are looking forward to working with KAAPA to improve and expand these facilities for our area farmers, said Chris Decker, CEO at Aurora Cooperative.
KAAPA Partners Aurora intends to make significant investments in the ethanol and grain facilities with the goal of increasing production and efficiencies so that the ethanol plant may remain a destination for area farmers’ corn for many years to come.
We are excited to enter this partnership with Aurora Cooperative and look forward to expanding our customer base to the Aurora region. The collaboration with our existing plants, along with significant improvements to the facility will make this plant a great addition to KAAPA, said Chuck Woodside, CEO of KAAPA.