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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowA renewable energy company that is building an ethanol plant in Bluffton has agreed to be sold to an Omaha, Neb., ethanol firm.
The acquisition of VBV LLC is valued at $383 million, the buyer, Green Plains Renewable Energy Inc., announced late yesterday.
VBV is a Delaware company owned by Ireland-based NTR plc and the Swiss investment group Wilon Holdings S.A. About a month ago, NTR and Wilon bought the stake in VBV owned by Richard Branson, the British billionaire who has attempted to fly around the world in a hot-air balloon.
In addition to the BioEnergy LLC plant in Bluffton, VBV is building an ethanol plant in Obion, Tenn. Both will have capacity to produce 110 million gallons a year when construction is completed this fall.
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