New owner for Mt. Vernon, IN corn ethanol plant

SAN ANTONIO, TX (WFIE) - Valero Renewable Fuels Company, LLC has purchased a corn ethanol plant in Mt. Vernon, IN from Aventine Renewable Energy-Mt. Vernon, LLC.

The Mt. Vernon plant is the 11th corn ethanol plant in Valero Renewables' system and its second in Indiana.

The plant has been shut down for about two years, but Valero plans to begin a restart program and resume production within the next several months, "We're looking forward to hiring employees, restarting the plant and producing ethanol," said Martin Parrish, Valero's Vice President - Alternative Energy Development. "We intend to invest in the Mount Vernon plant to make it competitive with other top-tier ethanol facilities, and we will use the technical expertise we have gained at our other plants to look at ways to improve Mount Vernon's reliability, production rate and product yields."

Valero says the Mount Vernon plant's logistical advantages include ready access corn suppliers as well as strong rail, truck and barge transportation.

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