Corn Plus in Winnebago is sold
Greenfield Global of Canada buys the shuttered ethanol facility
A statement released on Wednesday, Oct. 21, announced the acquisition of Corn Plus of Winnebago by Greenfield Global Inc. of Canada.
Greenfield Global Inc. is Canada’s largest fuel ethanol producer. The 48 million gallon per year ethanol plant in Winnebago is Greenfield’s first fuel ethanol asset in the United States.
The Corn Plus facility has been shuttered since September of 2019.
“This ushers in a new era of North American production for Greenfield,” Howard Field, President and CEO of Greenfield Global said. “We are excited to join producers in the United States in making the world’s cleanest and most accessible biofuel. The addition of Corn Plus to our biofuels portfolio complements our strategy of being a leading producer of renewable energy solutions and enhances our ability to service low-carbon fuel markets more effectively and efficiently.”
Greenfield Global purchased the Corn Plus facility in a receivership process. The company expects to produce fuel ethanol and its co-products once a startup plan is established.
“We look forward to welcoming the Corn Plus team to Greenfield, reestablishing a market for Minnesota corn growers and working closely with the community to bring jobs back to Winnebago,” Jean Roberge, EVP and managing director of the Greenfield Global Renewable Energy Business Unit, said. “We are confident that our best practices, paired with the technology adaptation experience of our combined staff, will produce Greenfield’s industry-leading, low carbon intensity biofuels from this facility.”
Founded in 1989, Greenfield currently owns and operates four distilleries, five specialty chemical manufacturing and packaging plants, and two next-generation biofuel and renewable energy research and development centers. This integrated model is designed to enhance supply chain transparency, quality control, custom formulation development and ultimately customer satisfaction.
“On behalf of the city of Winnebago and the City Council, I want to welcome Greenfield Global to our area,” Winnebago city administrator Jacob Skluzacek commented. “We are excited for them to get the plant up and running again.”