WASHINGTON (dpa-AFX) - Valero Renewable Fuels Company, LLC, a wholly owned subsidiary of Valero Energy Corp. (VLO), said Friday that it has purchased a corn ethanol plant in Mount Vernon, Indiana from Aventine Renewable Energy-Mt. Vernon, LLC, a wholly owned subsidiary of Aventine Renewable Energy Holdings, Inc.
The plant has an annual production capacity of 110 million gallons and uses Delta-T technology, similar to the process already in use at Valero Renewables' ethanol plant in Jefferson, Wisconsin.
The Mount Vernon plant is the 11th corn ethanol plant in Valero Renewables' system and its second in Indiana. The addition will give Valero more than 1.3 billion gallons per year in ethanol production. The plant has been shut down for about two years, but Valero Renewables plans to begin a restart program and resume production within the next several months.
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