Otter Tail Ag plant purchased by GPRE for $55 million

Before the plant’s capacity is increased, however, it plans to add corn oil extraction to the Fergus Falls plant—a technology it has said it will put into place at all its ethanol facilities. Three out of the company’s six original plants now have corn oil extraction in place, Stark said. Its plants in Riga, Mich., and Lakota, Iowa, which GPRE acquired this fall from Global Ethanol LLC, already had the technology in place. That leaves Fergus falls and three other plants on GPRE’s list for corn oil extraction. “We are looking to complete the installation of the other three by the end of the second quarter this year,” he said.

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