United Cooperative to buy ethanol facility
BEAVER DAM, WISCONSIN, US — United Cooperative will purchase the Marquis Energy ethanol facility in Necedah, Wisconsin, US, and operate it under the name United Energy Necedah LLC. Financial terms of the sale, which will be effective May 31, were not disclosed.
The Necedah facility annually procures 36 million bushels of regionally grown corn with a yearly production capacity of 100 million gallons of ethanol. The plant also produces distiller’s dried grains with solubles, high-protein animal feed and corn oil to meet market demand and support regional economies.
“The purchase of Marquis’ Necedah ethanol plant aligns with our strategic initiative of investing in agriculture, opening new markets, and providing value-added products for our member-owners,” said David Cramer, president and chief executive officer of United Cooperative. “This type of diversification supports our mission, our local farmers and the US economy. Our investment also promotes our sustainability efforts by continuously improving the stewardship of the air, soil, and water, safeguarding our natural resources for generations to come.”
Based in Beaver Dam, Wisconsin, US, United Cooperative operates 21 grain storage facilities with 69.598 million bushels of licensed grain storage, making it the 25th-largest grain handling company in North America, as listed in Sosland Publishing Co.’s 2024 Grain & Milling Annual.
As part of the sale, Marquis will collaborate with United Cooperative to provide ongoing marketing and team support. Part of the Marquis group of companies, Marquis Energy also has a biorefinery in Hennepin, Illinois, US, which produces 395 million gallons of ethanol per year.
“The sale of our Wisconsin facility aligns with our commitment to strategic growth in developing the world’s first carbon-neutral industrial complex in Hennepin, Illinois,” said Mark Marquis, CEO of Marquis. “We extend our sincerest gratitude to our valued grain customers, the supportive Necedah community and to the incredible and talented team of employees at Marquis Energy Wisconsin for their hard work and dedication. We look forward to the continued success of United Energy Necedah LLC under the stewardship of United Cooperative.”
Source Link: https://www.world-grain.com/articles/19899-united-cooperative-to-buy-ethanol-facility
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