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Nebraska biodiesel plant is sold

A Kansas-based company has purchased the Beatrice Biodiesel plant in southeast Nebraska for five million dollars.

According to a story on the Beatrice Daily Sun web site, Flint Hill Resources LLC submitted the only bid at a bankruptcy auction Tuesday in Lincoln.  Flint Hills is a subsidiary of Koch Industries.

Flint Hills has ethanol plants in four Iowa communities—Fairbank, Iowa Falls, Menlo and Shell Rock.  Company officials declined to discuss Flint Hills’ plans for the Beatrice plant.

Construction of the 52-point-five million dollar plant began in August of 2007, but it never started operations.  Bankruptcy was declared in 2008.

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