Chief Ethanol Fuels buys Cornhusker Energy Lexington
June 1, 2016
BY Erin Krueger
Chief Ethanol Fuels, a Chief Industries Inc. company, has acquired Cornhusker Energy Lexington LLC, a 50 MMgy ethanol plant located in Lexington, Nebraska. Chief Ethanol Fuels also owns a 70 MMgy ethanol plant located approximately 90 miles east of Lexington, in Hastings, Nebraska.
According to information released by the American Coalition for Ethanol, the Hastings facility is the first dry mill plant in Nebraska. The ACE statement also notes Chief Ethanol Fuels General Manager Duane Kristensen is the vice president of the ACE board of directors.
“We congratulate Chief for the acquisition of the Lexington plant which will increase the company’s total production capacity to 120 million gallons per year,” said Brian Jennings, executive vice president of ACT. “Chief Industries is a diversified company with a strong reputation. We’re confident that under the steady leadership of the Chief Ethanol Fuels management team, the plant in Lexington will provide high-skill, high-wage jobs and boost conditions for corn farmers and cattle ranchers/feeders in the area.”
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