FOR IMMEDIATE RELEASE
Debbie Harding, ICM, Inc.
ICM To Purchase Abengoa Bioenergy Plant in Colwich, Kansas
(Colwich, Kan. – August 23, 2016) – ICM announced today that it was the successful bidder on the Colwich, Kan., ethanol facility for sale by Abengoa Bioenergy conducted under the provisions of the U.S. Bankruptcy Code. The company will purchase the shuttered Colwich ethanol facility and property for $3.1 million.
“ICM values this location in Colwich, Kan., and we are evaluating the best way to exercise that opportunity,” said Dave VanderGriend, founder and CEO of ICM, Inc. “We continue to focus our efforts on developing solutions that deliver value-added product streams to the renewable energy industry.”
The company's acquisition agreements are subject to review and approval by the U.S. Bankruptcy Court for the Eastern District of Missouri at a hearing currently scheduled for Aug. 29, 2016. The acquisitions are expected to be complete no later than Sept. 30, 2016, subject to regulatory approval and customary closing conditions, at which time the asset will be offered to ICM, Inc.
About ICM, Inc.
Established in 1995 and headquartered in Colwich, Kan., ICM, Inc., provides innovative technologies, solutions, and services to sustain agriculture and advance renewable energy, including food and feed technologies that will increase the supply of world protein. By providing proprietary process technology to 106 facilities globally with a combined production capacity of approximately 8.8 billion gallons of annual ethanol production and 25 million tons of distiller’s grain feed co-products annually, ICM has become a world leader in bio-refining technology. The full-service provider also offers a comprehensive line of more than 100 products and services tailored to make biofuels production more efficient and more profitable. ICM is further upholding its responsibility as an industry leader by heavily investing in the continued advancement of renewable energy technologies. In an effort to speed that advance, ICM conducts research and testing at its state-of-the-art research facility in St. Joseph, MO, in conjunction with a growing list of strategic partners spanning multiple industries.
For more information, please visit icminc.com.