Williams quiet so far about sale of bioenergy unit

By | September 01, 2002
Tulsa, Okla.-based Williams Bio-Energy told EPM in September that it does not have a buyer yet, since announcing in late June it was selling the entire sector. However, the company has reportedly discussed the sale with at least two interested parties.

"We're moving forward with business as usual and I do not have any news to report at this time," said Ron Miller, president of the division Williams is selling. "I can tell you that I do not expect much to change from a customer's perspective."

Williams is marketing the sale of its bioenergy sector as a package,
which would include the 100 mmgy Pekin, Ill., plant, a 77% ownership in the 30 mmgy Aurora, Neb., plant, and 13 ethanol marketing agreements which total 300 mmgy. A company spokesperson said it could take anywhere from 30-90 days after bids were received to find a buyer and then the sale would have to be approved by the Federal Trade Commission.