Ocean Park Advises Green Plains on Sale of Atkinson Ethanol Plant
October 4, 2023 – Green Plains Inc. (“Green Plains”) recently closed on the sale of its 55 million gallon ethanol plant located in Atkinson, Nebraska. The purchaser and financial terms were not disclosed.
Ocean Park acted as exclusive financial advisor to Green Plains on the transaction.
While the Nebraska ethanol plant is changing hands, it will continue producing renewable fuel in 2023. The move comes as demand for low carbon fuels grows nationwide.
“We are pleased to advise on another ethanol plant divestiture and appreciate our long-standing relationship with Green Plains,” said Mark Fisler, Ocean Park managing director. “This transaction marks the thirty-seventh successful biofuels transaction for Ocean Park, which further solidifies our position as a leading advisor in the renewable fuels and chemicals industries.”
Green Plains Inc. (NASDAQ: GPRE) is a leading biorefining company focused on the development and utilization of fermentation, agricultural and biological technologies in the processing of annually renewable crops into sustainable value-added ingredients. This includes the production of cleaner low carbon biofuels, renewable feedstocks for advanced biofuels and high purity alcohols for use in cleaners and disinfectants. Green Plains is an innovative producer of Ultra-High Protein and novel ingredients for animal and aquaculture diets to help satisfy a growing global appetite for sustainable protein. Green Plains Inc. currently owns a 48.8% limited partner interest and a 2.0% general partner interest in Green Plains Partners LP. For more information, visit www.gpreinc.com.
Ocean Park is a leading boutique investment bank focused on the renewable fuels, energy, food, AgTech and agribusiness sectors. The Ocean Park team has significant operational and transaction experience, including advising on mergers and acquisitions, financings and restructurings. Since its founding in 2004, Ocean Park has successfully completed over 80 transactions and client engagements. Its professionals are based in Los Angeles, Chicago, Houston, Minneapolis and Omaha. For more information, please visit oceanpk.com or call (310) 670-2093.