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Bankrupt Pennsylvania ethanol plant sale approved

24 Apr 2012, 6.26 pm GMT

Houston, 24 April (Argus) — A bankruptcy court has approved the $9.39mn purchase of a shuttered central Pennsylvania ethanol plant.

Pennsylvania Grain Processing, a Zeeland Farm Services company, will purchase the 7,000 b/d Bionol anhydrous ammonia plant in Clearfield, Pennsylvania.

Bionol filed for bankruptcy last July, more than a year after accusing Getty Petroleum Marketing — a subsidiary of Lukoil — of defaulting on a $1bn ethanol contract after two months of deliveries.

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