Ergon acquires Bunge's share of Mississippi plant

By Erin Voegele | January 08, 2014

Ergon Inc. recently announced that its wholly owned subsidiary Ergon Ethanol Inc. has acquired Bunge North America Inc.’s share of the former Bunge-Ergon Vicksburg LLC ethanol plant, located in Vicksburg, Miss. Ergon now owns 100 percent of the 54 MMgy facility and has changed its name to Ergon BioFuels LLC.  Financial terms of the agreement were not disclosed.

According to information contained in Bunge’s 2012 Annual Report, it previously held 50 percent ownership of the plant.

The plant idled in December 2012. At that time, a Bungle spokesperson attributed the action to the high price of corn. A press release issued by Ergon and information published to the facility’s website indicate the facility is still idle. 

“This transaction allows us to look at alternative feedstocks, as well as how the plant may be used for products beyond traditional ethanol production,” said Don Davis, president of Ergon’s Refining and Marketing division, in a statement.  “In addition, we feel the Ergon BioFuels facility will be synergistic with nearby Ergon Refining, Inc.’s opportunities for an expanded product base.”

Ethanol Producer Magazine was unable to reach a representative of Ergon for additional comment on its future plans for the facility.