Ergon, Inc. announced today that its wholly owned subsidiary, Ergon Ethanol, Inc., acquired Bunge North America, Inc.’s interest in and now owns 100% of Ergon BioFuels, LLC located in Vicksburg, Mississippi. Financial terms were not disclosed. Effective December 31, 2013, Bunge-Ergon Vicksburg, LLC changed its name to Ergon BioFuels, LLC.
Ergon BioFuels, LLC, formerly Bunge-Ergon Vicksburg, began as a joint venture between Ergon Ethanol, Inc. and Bunge North America in 2007. With an annual throughput capacity of 54-million gallons, Bunge-Ergon Vicksburg, LLC was one of the largest producers of ethanol in the southeastern United States until operations were suspended in December 2012.
“This transaction allows us to look at alternative feedstocks, as well as how the plant may be used for products beyond traditional ethanol production,” said Don Davis, President of Ergon’s Refining and Marketing division. “In addition, we feel the Ergon BioFuels facility will be synergistic with nearby Ergon Refining, Inc.’s opportunities for an expanded product base.”