KAAPA Ethanol Purchases Abengoa Bioenergy Of Ravenna

KAAPA Ethanol Holdings, LLC in Minden successfully closed on the purchase of the Abengoa Bioenergy ethanol facility in Ravenna for $115 million. The facility, now KAAPA Ethanol Ravenna LLC, began contracting corn directly from producers on September 30.   
Chuck Woodside, CEO of KAAPA Ethanol, said, “We’re excited about the opportunities that are created through the purchase of the Ravenna facility. It is a plant in a great location with great logistics and its proximity to our Minden facility will give us the opportunity for additional synergies.”

for full story see October 12 Courier