New Ownership for Luverne, MN Ethanol Plant

An 18 million gallon-per-year ethanol plant in Luverne, Minnesota, is getting a new owner. GEVO has a definitive agreement to sell its wholly-owned subsidiary, Agri-Energy LLC, to A.E. Innovation for $7 million. This plant has been shut down since 2022. A.E. Innovation is a Minnesota-based group that plans to resume ethanol production and develop the site for its work in bio-based technologies.