ICM, Inc. has signed a contract with Hereford Renewable Energy, a subsidiary of Murphy Oil USA, to retrofit an ethanol plant located near Hereford, Texas. Hereford Renewable Energy acquired the uncompleted plant from the lenders of its former owner, Hereford Biofuels, which filed for bankruptcy.

“ICM is excited for the opportunity to continue its work with Murphy to help its Hereford ethanol plant overcome the challenges that prevented the prior owner from starting up the plant at completion of initial construction,” said Dave Vander Griend, president and CEO of ICM.

ICM will make modifications to various parts of the facility, including addition of new equipment which will enable the plant to consistently achieve nameplate capacity. Hereford Renewable Energy’s primary goal in retrofitting the plant prior to start-up is to capitalize on the improved operating efficiencies expected from the incorporation of ICM’s industry-leading process technology. ICM’s retrofit of the plant is anticipated to be completed by the end of the first quarter 2011.