Valero purchases ethanol plant at Indiana’s largest port

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[March 21, 2014]

MOUNT VERNON, Ind. – Valero Energy has announced the purchase of the 110-million gallon ethanol plant at the Port of Indiana-Mount Vernon through its subsidiary Valero Renewable Fuels Co.

Valero Energy is the ninth largest company in the U.S. and an international manufacturer and marketer of transportation fuels, other petrochemical products and power. Valero subsidiaries employ approximately 10,000 people and Valero Renewable Fuels Co. now owns 11 ethanol plants, including two in Indiana.

The Mount Vernon plant was purchased from Aventine Renewable Energy with initial plans to reopen the idled facility later this year.

Ports of Indiana CEO Rich Cooper lauded the transaction, noting that it is Valero Renewables’ first ethanol facility located at a major port on the inland waterways system.

“This facility will provide Valero with a tremendous strategic advantage in the production and distribution of ethanol,” said Ports of Indiana CEO Rich Cooper. “When you combine the resources and expertise of a world-class company like Valero with one of the world’s richest grain producing regions and the port’s multimodal capabilities, there’s a strong likelihood this plant will once again be one of the largest ethanol producers east of the Mississippi River.”

The Port of Indiana-Mount Vernon is the state’s largest public port by area and cargo shipments, and is one of the closest major ports to the confluence of the Ohio and Mississippi rivers. The 1,200-acre port handles over 2,000 barges per year of grain, coal, ethanol, dried distillers grain, fertilizer, steel, minerals and heavy lift cargoes, and provides connections to five Class I railroads.

“This ethanol plant is a very important facility for the port and the Southwest Indiana region,” said Phil Wilzbacher, port director for the Port of Indiana-Mount Vernon. “Valero’s investment into the facility will have a positive impact for farmers, agribusiness, industrial service providers, truck, rail and barge operators, as well as many other area businesses. We’re pleased to welcome Valero to the already impressive list of companies in our port and the region.”

Ports of Indiana Media Contact: Liz Folkerts, Communications Specialist –lfolkerts@portsofindiana.com – 317-232-9205
The full release from Valero can be found online.

Ports of Indiana Fact Sheet:

Port of Indiana-Mount Vernon

  • Port of Indiana-Mount Vernon has nearly 1,200 acres of land and 8,000 feet of riverfront
  • The port is a regional hub for multimodal shipments, with over 2,200 barges, 85,000 trucks and 26,000 railcars moving through the port annually
  • There are currently 13 port companies located at the Port of Indiana-Mount Vernon
  • Major cargoes include corn, soybeans, soybean meal, soybean oil, wheat, milo, coal, cement, ethanol, dried distillers grain, fertilizer, talc, limestone, coke, salt, steel and heavy lift cargo
  • The Port is located near the median center of the U.S. population and only 153 miles from the confluence of the Ohio and Mississippi Rivers
  • The Port of Indiana-Mount Vernon offers multimodal transportation connections serving agriculture, coal and manufacturing industries

Mount Vernon Ethanol Plant

  • The ethanol plant is located on 116 acres at the port, and was previously owned and operated by Aventine Renewable Energy Inc.
  • When fully operational, the plant employed about 40 people
  • The plant came into production in December 2010 and has been idle since early 2012
  • Ethanol is an environmentally friendly, high-octane renewable fuel produced by fermenting converted corn starch with yeast. It is used as a blending agent with gasoline

Indiana Agriculture

  • (Indiana State Department of Agriculture – http://www.in.gov/isda) Indiana currently has 13 completed ethanol plants. The combined production of the plants exceeds one billion gallons of ethanol annually and uses approximately 431 bushels of corn
  • (Indiana State Department of Agriculture – http://www.in.gov/isda) Indiana has more than 145 E85 public pumps and numerous biodesel pumps
  • (Biofuels Indiana – www.in.gov/isda/biofuels) Bioenergy makes a significant contribution to the Indiana economy putting at least $29.5 million into local farmer pockets, investing more than $2 billion in capital expenses, and providing over 600 jobs for Hoosier workers
  • Indiana has built significant developments in energy production and distribution due to the state’s feedstock availability, transportation infrastructure and proximity to consumers

About the Ports of Indiana: The Ports of Indiana is a statewide port authority operating three ports on the Ohio River and Lake Michigan. Established in 1961, the self-funded enterprise is dedicated to growing Indiana’s economy by developing and maintaining a world-class port system. Information: www.portsofindiana.com.

Media Contact: Liz Folkerts, Communications Specialist – lfolkerts@portsofindiana.com – 317-232-9205