Tenaska, a leading independent energy company, announced that it has acquired the assets of the biodiesel production company, Clinton County Bio Energy (CCBE) in Clinton, Iowa, from a local group of investors.
CCBE was the first company to develop in the Lincolnway Air & Rail Park. Financial terms of the transaction were not disclosed. The assets include a 10 million gallon per year biodiesel refinery in Clinton that produces B100 quality biodiesel meeting ASTM D-6751 specifications. The plant recently installed a resin-based pretreatment system that allows the use of higher FFA feedstock such as corn oil.
Located on the Mississippi river, the plant is situated to support the needs of distributors in both Iowa and Illinois. Biodiesel and 97 percent pure glycerin are made from renewable soy oil, CCBE’s biodiesel supports the regional economy and its by-products are used to replace fossil energy or supply energy in feed products. More information is at www.ccbebiodiesel.com.
Tenaska, based in Omaha, Neb., is a North America independent power producers, with regional offices in Dallas, Denver, Pittsburgh, Calgary and Vancouver. Tenaska and its affiliates have developed and constructed approximately 9,000 megawatts (MW) of natural gas-fueled and renewable power generation, and manage operations for approximately 11,000 MW of power generation consisting of 15 power plants. Tenaska affiliates also market natural gas, electric power, biofuels and related commodities and natural gas fuels, and provide energy risk management services. More information about Tenaska is at www.tenaska.com.