Ace Ethanol to buy another ethanol plant - WQOW TV: Eau Claire, WI NEWS18 News, Weather, and Sports

Ace Ethanol to buy another plant

Posted:

Stanley (WQOW) - A Winnebago County judge has approved the sale of an ethanol plant in Oshkosh to Stanley's Ace Ethanol.  The price tag is $16.5 million.

The deal still must be approved by shareholders at a meeting later this month.  If that happens, production could begin at the Oshkosh plant around harvest time.  The ethanol plant there was known as Utica Energy.  It started operating in 2003 and produced about 50 million gallons a year, but has been going through foreclosure proceedings since late last year.

Neal Kemmet, the president & general manager of Ace Ethanol, says the Oshkosh plant will be called Fox River Valley Ethanol.  The plant is a little larger than the one in Stanley.  Kemmet says it may be necessary to add local jobs to support the acquisition.  The Stanley plant has 43 employees.  There are nine ethanol plants in the state.

 

 

  • Most Popular StoriesMost Popular StoriesMore>>

  • Decorah Eagle Cam

    Decorah Eagle Cam

    The Eagle Cam is back!  Watch live as eagles build their nest and family!More >>
    The Decorah eagles became international stars in 2011, when their nest went viral. To date, over 280 million people from 84 countries have followed the eagle family from eggs to fledgling birds, watching every aspect of life in a wild nest.More >>
  • Polk County deputy laid to rest Saturday

    Polk County deputy laid to rest Saturday

    St. Croix Falls (WQOW) - Hundreds gathered in St. Croix Falls to give their final farewells to Deputy Mike Seversen. He died due to complications of a gunshot wound earlier this week. He was shot in the line of duty 23 years ago and was left paralyzed. Mark Seversen, Mike’s brother, said, "We wish you were here,” referring to his brother, Mike, who passed away on April 14. A brother. A friend. A hero. A man many will always remember as courageous, resilient and humble. Jayne Wellumson, Mike’...More >>
    St. Croix Falls (WQOW) - Hundreds gathered in St. Croix Falls to give their final farewells to Deputy Mike Seversen. He died due to complications of a gunshot wound earlier this week. He was shot in the line of duty 23 years ago and was left paralyzed. Mark Seversen, Mike’s brother, said, "We wish you were here,” referring to his brother, Mike, who passed away on April 14. A brother. A friend. A hero. A man many will always remember as courageous, resilient and humble. Jayne Wellumson, Mike’...More >>
  • Eau Claire business moves out after 50 years in downtown

    Eau Claire business moves out after 50 years in downtown

    Eau Claire (WQOW) - The final tenant has moved out of a set of buildings set for demolition to make room for the proposed Confluence Project. After more than 50 years in downtown Eau Claire ScandinavianMore >>
    The final tenant has moved out of a set of buildings set for demolition to make room for the proposed Confluence Project.More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WQOW. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's pubic inspection file should contact Director of Station Operations Lisa Patrow at 715-852-5920. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.