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AR company sells ND ethanol plant for $173 million

Hankinson Renewable Energy
Hankinson Renewable Energy

HANKINSON, N.D. (AP) -- An ethanol plant in Hankinson is under new ownership.

Arkansas-based Murphy USA Inc. has sold Hankinson Renewable Energy LLC for $173 million to Guardian Hankinson LLC. The deal closed late last year.

Guardian is a joint venture involving Minnesota-based Heartland Corn Products and Chippewa Valley Ethanol, Nebraska-based KAAPA Ethanol and South Dakota-based Dakota Ethanol.

Plant Manager Neil Crocker says there will be no changes in staff or operations. He says the transition will be ''seamless.''

The plant was built in 2008. It turns about 130,000 bushels of corn into about 365,000 gallons of ethanol every day.

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