The Andersons agreed to acquire Harvestone Low Carbon Partners from Energy Capital Partners for $915 million. The deal adds three corn ethanol plants in North Dakota and Indiana with 215 million gallons of annual capacity, lifting the company's total to about 730 million gallons.
Acquiring plants that process roughly 72 million bushels of corn a year increases ethanol and distillers grains output, adding corn demand and DDGS supply. Carbon capture tax credits underpin the valuation, signalling continued strong ethanol-sector investment.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.