• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / Agriculture / Australian firm moves to buy 60% of Iowa ethanol plant

Australian firm moves to buy 60% of Iowa ethanol plant

February 23, 2006 By admin

Investors from the land down under are attracted to the Midwest Grain Processors ethanol plant in the northern Iowa town of Lakota. M-G-P Chairman David Nelson says an Australian Company called “Global Ethanol” has agreed to buy a 60-percent stake in the M-G-P plant which also owns an operation in Blissfield Michigan. The deal is contingent on some other factors before it becomes etched in stone, a favorable opinion from an investment banking advisor and a vote by the members of the cooperative, there are 13-hundred cooperative members in Iowa and ten other Midwestern states, the Michigan operation has 300 co-op members. The deal has the appearance of being the first time a foriegn company has bought a controlling interest in an ethanol plant orginated by Iowa farmers.

Share this:

  • Facebook
  • Twitter

Filed Under: Agriculture, Business Tagged With: Corn & Soybeans

Featured Stories

DOT plow crews struggling against blizzard conditions

Iowa delegation breaks along party lines on Trump impeachment vote

Two northeast Iowa men admit to illegally harvesting ginseng

Do you have to pay tax on your stimulus check?

All six in Iowa’s congressional delegation confirm Electoral College results

TwitterFacebook
Tweets by RadioIowa

Iowa State-Kansas postponed

Iowa-Michigan State postponed

Fire damage to Riverfront Stadium electrical system will cost Waterloo thousands

Iowa State at Kansas State postponed

Iowa State’s Foster to miss remainder of the season

More Sports

eNews and Updates

Enter your email address:

Delivered by FeedBurner

Archives

Copyright © 2021 ยท Learfield News & Ag, LLC