Harvestone Welcomes First Four Ethanol Plants onto its Marketing Platform
FRANKLIN, Tenn., Dec. 5, 2018 /PRNewswire/ — Harvestone Group LLC is pleased to announce the commencement of its first four ethanol production facilities making the transition to its marketing, logistics and trading platform. Iroquois Bio-Energy, Siouxland Energy, Red River Energy and Quad County Corn Processors combine for over 210 million gallons of annualized ethanol production.
“As a producer partner, we are excited to be a part of the first gallons transitioning onto the Harvestone platform. The group has put together a unique business model that aligns production with marketing and trading, creating and capturing additional value further in the supply chain,” said Gunner Greene of IBEC.
“We continue to be impressed by the pace and precision with which the Harvestone team, investors and plant partners have been able to launch and begin executing this new platform. We have worked closely with the Harvestone team in the past and are excited to build on this new partnership,” said Tom Miller of Siouxland.
These facilities will be exclusively marketed through the Harvestone platform under five-year agreements and represent a significant milestone for the company. Harvestone continues building on a solid foundation and unique business model; paving the way for future growth with continued plant transitions and expansion throughout the supply chain.
About Harvestone Group LLC
Harvestone Group, and its affiliated companies, is a global commodity merchant focused in the biofuels sector. The company is backed by a community of producers representing over 1.3B gallons of production capacity in partnership with strategic commodity investors in the energy and agriculture sectors. Harvestone transacts across the supply chain to include production, marketing, storing, distributing, and trading as well as invests in physical assets that create meaningful long-term value.
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SOURCE Harvestone Group