GENERIC: Dow DuPont

The DowDuPont cellulosic ethanol plant in central Iowa has been bought by a German biofuels company's U.S. subsidiary.

Verbio North America Corp. and DowDuPont announced Thursday that the purchase includes the 30 million-gallon plant in Nevada and a portion of its corn stover inventory. The price was not released.

The cellulosic ethanol plant, which opened in 2015, is considered the next generation in renewable fuel production. It uses corncobs, husks and stalks to produce the biofuel. DowDuPont closed the plant last fall, announcing that it was for sale. DowDuPont said the operation no longer fit its strategic plan.

Verbio intends to install equipment for making natural gas made from corn stover and other cellulosic crop residue.

Verbio North America Corp. is based in Grand Rapids, Michigan, and is a subsidiary of Verbio Vereinigte BioEnergie AG, which is based in Leipzig, Germany.

Copyright 2018 Associated Press. All rights reserved.

Recommended for you

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.