Southwest Iowa Renewable Energy (SIRE) has acquired GreenAmerica Biofuels, the biofuels division of Pilot Co., with undisclosed financial terms. After the deal closes, SIRE's combined capacity will rise to 230 million gallons per year across plants in Iowa and Nebraska.
Consolidation adds ethanol capacity and corresponding corn grind and distillers grains output in the US Midwest, a modest long-run supportive factor for corn demand and DDGS supply. The deal itself does not change near-term balances.
Not enough comparable past events yet for a historical read.
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