Valero buys Indiana ethanol plant

|By:, SA News Editor

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."