[NEWS] Ethanol Facilities for Sale in Florida and Arkansas
– by Erin Voegele, September 7, 2016, Ethanol Producer Magazine
Ineos Bio has announced its intent to sell its ethanol business, including the Ineos New Planet BioEnergy demonstration plant in Vero Beach, Florida, and the Ineos Bio USA Research Center in Fayetteville, Arkansas, via a bid process targeting year end completion. The company said it has received expressions of interest from a number of potential suitors, is progressing negotiations, and hopes to make a decision on bidders and sale by the end of the year.
In a statement, Ineos Bio said the U.S. market for ethanol has changed and the economic drivers for development of the technology by Ineos are no longer aligned with the company’s strategic objectives. As a result, the company intends to sell its ethanol business.