Seeking Alpha

Valero buys Indiana ethanol plant

  • Valero (VLO -1.5%) has bought a Mount Vernon, IN corn ethanol plant from Aventine Renewable Energy (AVRW). for an undisclosed sum
  • The facility has a production capacity of 110M gallons/year, and is Valero's 11th corn ethanol plant. It has been shuttered for the last two years; Valero says it expects to resume production "within the next several months."
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  • DAG1996
    , contributor
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    Full article and price target on VLO here: http://seekingalpha.co...
    21 Mar, 04:59 PM Reply Like
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