December 23, 2014 – Green Biologics Inc., a wholly owned U.S. subsidiary of Green Biologics Limited (GBL), a UK based industrial biotechnology and renewable chemicals company, announced today the closing of its acquisition of the assets of Central MN Ethanol Co-op (“CMEC”). Ocean Park Advisors (“OPA”) acted as exclusive financial advisor to CMEC on the sale transaction.

The assets include a 21 MGPY ethanol plant in Little Falls, Minnesota. GBL plans to repurpose the plant to produce renewable normal butanol (n-butanol) and acetone, but will continue to operate the plant as an ethanol plant until construction and repurposing are completed. Current management and employees will continue with Central MN Renewables, LLC (“CMR”), the U.S. affiliate that acquired the assets. The plant is scheduled to commence renewable n-butanol and acetone production in 2016.

“We are extremely pleased with the successful closing and look forward to the leadership role that Green Biologics will play in bringing renewable chemicals to commercial reality,” said CMEC CEO Dana Persson. “The OPA team did an outstanding job on all facets of this transaction including expanding the list of bidders to include renewable chemical companies such as GBL.”

Since 2012, OPA has worked with CMEC’s Board of Directors and Company Management to assess its strategic alternatives, including acting as financial advisor to CMEC on the sale of its minority stakes in Guardian Energy, KAAPA Ethanol and Bushmills Ethanol.

Mark Fisler, Ocean Park Managing Director, commented, “This sale marks the 17th successful biofuels transaction for Ocean Park Advisors, which further solidifies the firm’s position as a leader in biofuels investment banking. This pioneering deal demonstrates that it is possible to retrofit and reposition a first generation ethanol plant as a renewable chemical plant.”

For the Green Biologics press release, please visit:
http://www.greenbiologics.com/news.php

 

About Central MN Ethanol Co-op
Established in 1995, Central MN Ethanol Co-op is an ethanol production company based in Little Falls, Minnesota. Located in the northern Corn Belt, CMEC purchases 7.5 million bushels of corn annually and produces 21 million gallons of ethanol per year. The plant also generates revenue from ethanol co-products, including dried distillers grains, wet distillers grains, corn oil and syrup. For more information, please visit www.centralmnethanol.com.

About Green Biologics
Green Biologics Ltd is a renewable chemicals company based in Abingdon, England with a wholly owned U.S. operating company, Green Biologics Inc., based in Gahanna, Ohio. GBL’s Clostridium fermentation platform converts a wide range of sustainable feedstocks into high performance green chemicals such as n-butanol, acetone, and through chemical synthesis, derivatives of butanol and acetone used by a growing global consumer and industrial products customer base.

Green Biologics was named to the Global Cleantech 100 list of the top Cleantech companies in the world for 2014. The company was also #6 on the Hottest Small Companies in the Bioeconomy and #28 on the Hottest 30 list for Bio-based Chemicals and Materials for 2014. Green Biologics is transforming the global chemicals market, providing its customers with products and technology that are more sustainable and higher value than petroleum-based alternatives. For more information, please visit www.greenbiologics.com.

About Ocean Park Advisors
Ocean Park Advisors is a corporate finance advisory firm that advises on mergers and acquisitions, financings and restructurings with extensive experience in the biofuels and cleantech industries. Ocean Park Advisors operates a branch office of Stonnington Group LLC, a member of FINRA and SIPC. Any securities are offered through Stonnington Group LLC, 21031 Ventura Blvd., Suite 1201, Woodland Hills, CA 91364, (818) 444-0600. OPA’s professionals are licensed registered representatives of Stonnington Group. For more information, please visit www.oceanparkadvisors.com.