ICM, Inc. to Purchase Abengoa Bioenergy Ethanol Plant in Colwich, KS

Date Posted: August 24, 2016

Colwich, KS - August 23, 2016 - ICM announced today that it was the successful bidder on the Colwich, Kan., ethanol facility for sale by Abengoa Bioenergy conducted under the provisions of the U.S. Bankruptcy Code.

The company will purchase the shuttered Colwich ethanol facility and property for $3.1 million.

“ICM values this location in Colwich, Kan., and we are evaluating the best way to exercise that opportunity,” said Dave VanderGriend, founder and CEO of ICM, Inc.

“We continue to focus our efforts on developing solutions that deliver value-added product streams to the renewable energy industry.”

The company's acquisition agreements are subject to review and approval by the U.S. Bankruptcy Court for the Eastern District of Missouri at a hearing currently scheduled for Aug. 29, 2016.

The acquisitions are expected to be complete no later than Sept. 30, 2016, subject to regulatory approval and customary closing conditions, at which time the asset will be offered to ICM, Inc.

For more information, please contact Debbie Harding at 316-977-6790 or debbie.harding@icminc.com

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