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Luverne Ethanol Plant Sale

Sector: Manufacturing (Industrial) • Location: Luverne, Minnesota, United States

Source: TS2

Project
Completed

Gevo sold its 18-million-gallon-per-year ethanol plant and part of the surrounding land in Luverne, Minnesota, to A.E. Innovation, LLC. The sale included $2 million in cash upfront and $5 million in future installment payments, along with savings of approximately $3 million per year in idling costs. Gevo retains isobutanol assets and about 30 acres of land at the site for specialty fuel and chemic

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The project “Luverne Ethanol Plant Sale” is an infrastructure initiative in the Manufacturing (Industrial) sector, located in Luverne, Minnesota, United States. Taiyo aggregates data on it from TS2.

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Description

Description

Gevo sold its 18-million-gallon-per-year ethanol plant and part of the surrounding land in Luverne, Minnesota, to A.E. Innovation, LLC. The sale included $2 million in cash upfront and $5 million in future installment payments, along with savings of approximately $3 million per year in idling costs. Gevo retains isobutanol assets and about 30 acres of land at the site for specialty fuel and chemical production.

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High

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