A group of nine farmer-owned ethanol plants in the upper Midwest got together to purchase the former VeraSun plant in Janesville, Minnesota to make it an even ten.
Guardian Energy LLC, headquartered in Shakopee, Minnesota recently entered into an agreement to purchase the 100-million gallon plant acquired by AgStar Financial Services’ lending group through VeraSun Energy’s bankruptcy in March of 2009. Guardian Energy is a wholly owned subsidiary of Guardian Eagle Investments formed to own and operate this ethanol facility in Janesville. The group also founded Renewable Products Marketing Group, which will provide marketing services for the facility.
Renewable Products Marketing Group CEO Randy Hahn said, “Our group of farmer owned ethanol producers are very excited to see this purchase come together. We strongly believe that the value generated by converting our locally grown corn into renewable energy ought to stay here at home. We are committed to keeping this facility in the hands of local producers and farmers.”
AgStar has now found new owners for four of the six VeraSun plants they are representing. Another announcement is expected this week for a fifth plant in Dyersville, Iowa.


Two E85 and biodiesel promotions will be held in Austin, Minnesota next week. E85 will be sold for 85 cents off per gallon and B5 will be sold for 20 cents off per gallon at both events.
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The campaign is a partnership between leading corn-producing states, the
A deal that would have provided biodiesel to a Hawaiian Electric Co. plant has been dealt a tough blow that in all intents and purposes kills the project.
When the contract was later amended to have Imperium import biodiesel from a West Coast refinery, HECO also sought a terminaling and trucking agreement with Aloha Petroleum to transport the imported biodiesel to its generating plant. That additional contract would have incurred additional costs that HECO would have passed on to its customers.
A bill that would extend the biodiesel tax incentive by five years, as well as changing the way the program is administered, has been introduced.
“Domestic production and use of biodiesel is consistent with an energy policy that values the displacement of petroleum with low-carbon, renewable fuels. This legislation will provide certainty to biodiesel producers and improve the form and function of the biodiesel tax incentive. We strongly support this proposal and commend Senator Cantwell and Senator Grassley for introducing this forward thinking legislation,” said NBB CEO Joe Jobe.

