Shuttered Nebraska Ethanol Plant to be Acquired by AltEn LLC

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Researched by Industrial Info Resources (Sugar Land, Texas)--The shuttered E3 Biofuels (Shawnee Mission, Kansas) fuel ethanol plant in Mead, Nebraska, will be acquired by Kansas-based AltEN LLC. The sale is expected to close by mid-November this year.

The $26 million plant had a novel approach to producing fuel ethanol. It would convert the manure from a feedlot of nearly 30,000 head of cattle into methane. The methane would provide energy to convert corn into fuel ethanol and distillers grains, which would be fed to the cattle. When the plant reopens, the new owner plans to keep this "closed-loop" method.

During initial testing and startup procedures in early 2007, an explosion blew up a boiler, which was not repaired. The facility never reached full production capacity. In November 2007, E3 Biofuels filed for bankruptcy. The plant has been idle since then.

The facility is located on County Road 10 in Saunders County, 36 miles west of Omaha. The plant was to produce 20 million gallons of fuel ethanol and had 41 employees.

Industrial Info's Databases provides a comprehensive outline of all current development activities in the emerging alternative fuels market. Our North American Biodiesel Database covers 158 operational plants and 77 plants under development. Our North American Ethanol Database covers 208 plants currently in operation and 142 plants under various development phases. Our North American Wood Fuel Pellet Database includes 64 operational plants producing greater than 25,000 tons annually, and 36 projects in progress.

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