Ergon Acquires Bunges Interest in Mississippi Ethanol Facility
Thu., Jan 2, 2014
Jackson, MS – Ergon, Inc. announced today that its wholly owned subsidiary, Ergon Ethanol, Inc., acquired Bunge North America, Inc.’s interest in and now owns 100% of Ergon BioFuels, LLC located in Vicksburg, Mississippi. Financial terms were not disclosed. Effective December 31, 2013, Bunge-Ergon Vicksburg, LLC changed its name to Ergon BioFuels, LLC.
Ergon BioFuels, LLC, formerly Bunge-Ergon Vicksburg, began as a joint venture between Ergon Ethanol, Inc. and Bunge North America in 2007. With an annual throughput capacity of 54-million gallons, Bunge-Ergon Vicksburg, LLC was one of the largest producers of ethanol in the southeastern United States until operations were suspended in December 2012.
“This transaction allows us to look at alternative feedstocks, as well as how the plant may be used for products beyond traditional ethanol production,” said Don Davis, President of Ergon’s Refining and Marketing division. “In addition, we feel the Ergon BioFuels facility will be synergistic with nearby Ergon Refining, Inc.’s opportunities for an expanded product base.”
About Ergon Ethanol, Inc.
Ergon Ethanol, Inc. is a wholly owned subsidiary of Ergon, Inc. Ergon, Inc. is a privately held company that operates under six primary business segments: Refining & Marketing, Asphalt & Emulsions, Transportation & Terminaling, Oil & Gas, Real Estate, and Corporate & Other.
About Bunge North America, Inc.
Bunge North America, Inc., the North American operating arm of Bunge Limited (NYSE: BG), is a vertically integrated food and feed ingredient company, supplying raw and processed agricultural commodities and specialized food ingredients to a wide range of customers in the livestock, poultry, food processing, foodservice and bakery industries. With headquarters in St. Louis, Missouri, Bunge North America and its subsidiaries operate grain elevators, oilseed processing plants, edible oil refineries, packaging facilities, and corn, wheat and rice mills in the U.S., Canada and Mexico.
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