Rex Invests in Ethanol

John Davis

REX logoElectronics retailer Rex Stores Corp. has invested the final $10 million in an Iowa ethanol maker. The investment completes the retailer’s $20 million investment stake in Big River Resources, LLC.

Big River logoThis article on says last October, Rex invested the first $5 million in the company:

Big River pictureBig River Resources is a holding company for several entities including Big River Resources West Burlington LLC, which runs an ethanol plant in West Burlington, Iowa. The ethanol plant starting operating in April 2004 as a 40 million gallon per year plant and expanded to a 52 million gallon plant in August last year. It plans to eventually ramp that production up to 80 million gallons per year.

Big River also plans on building more ethanol plants.

Ethanol, News