HERO BX is the new owner of the former Clinton County Biodiesel facility in Clinton, Iowa.
Lake Erie Biofuels dba HERO BX purchased the assets of the facility from Tenaska Commodities, LLC, an affiliate of Tenaska, Inc. on Friday, September 21st. The ambitious HERO BX Founder & CEO Samuel P. “Pat” Black, III, has been eyeing strategic acquisitions across the United States and is pleased to quickly find a second facility in Iowa. HERO BX began a tolling arrangement at the Iowa Renewable Energy (IRE) facility in Washington, Iowa, in May 2018. The Clinton plant is particularly strategically located in east central Iowa, on the Illinois border, and within driving distance to the Chicago markets.
“We are bullish on biodiesel and all Iowa has to offer,” said Tim Keaveney, Executive Vice President of Business Development at HERO BX. “It is a terrific market, feedstock is plentiful, and Iowa along with neighboring state Illinois have tax incentives in place for biodiesel. It’s a very attractive geography to produce and sell biodiesel.”
This acquisition brings the production complement of HERO BX to Erie, Pennsylvania; Moundville, Alabama; South Roxana, Illinois; tolling at the IRE facility in Washington, Iowa as well as blending and distribution in North Hampton, New Hampshire.