Flint Hills Resources buys Neb. biodiesel plant

Ag/Outdoor, News

November 30th, 2011 by Ric Hanson

LINCOLN, Neb. (AP) – A Kansas-based company has bought the Beatrice, NE., Biodiesel plant in southeast Nebraska for $5 million. Flint Hills Resources LLC submitted the only bid at the bankruptcy auction Tuesday in Lincoln. Flint Hills is a subsidiary of Koch (cohk) Industries Inc. Construction of the $52.5 million plant began in August 2007, but it never started operations. Bankruptcy was declared in 2008. Among Flint Hills’ other operations, it has ethanol plants in four Iowa communities: Fairbank, Iowa Falls, Menlo and Shell Rock. A Flint Hills spokesman declined to release other details of the acquisition or Flint Hills’ plans for the plant.Flint Hills is based in Wichita, Kan.