Terra Biodiesel Holding sells Missouri plant
July 20, 2016
By Ocean Park Advisors
July 20, 2016 – Terra Biodiesel Holding has closed the sale of its biodiesel plant located in St. Joseph, Mo., to an undisclosed strategic buyer.
Ocean Park Advisors (OPA) acted as exclusive advisor to the seller.
“OPA was instrumental in developing both operating and sales strategies,” said David Warfield, partner of Thompson Coburn LLP, who represented Terra. “Their mergers and acquisitions expertise, understanding of the biodiesel sector and industry relationships contributed to this successful transaction.”
Financial terms of the transaction were not disclosed. The assets include a biodiesel refinery situated on an approximately 13-acre parcel of land.
The sale also includes a license agreement for certain production technologies.
“This sale marks the twenty-first successful biofuels transaction for Ocean Park, which further solidifies our position as a leading advisor in the renewable fuels and chemicals industries,” said Bruce Comer, an Ocean Park managing director.
“We are extremely pleased with the successful closing. The biodiesel industry has strong momentum and is being consolidated into stronger hands as we move forward,” added John Campbell, another Ocean Park managing director.
About Terra Biodiesel Holding
Terra Biodiesel Holding, a St. Joseph, MO, biorefinery, was originally designed as a 15 million gallons per year (“MGPY”) biodiesel plant that began construction in 2008. With subsequent investments, the facility was re-engineered with enzymatic process technology and began biodiesel production in 2013 with third-party EPA RINs certification of 21 MGPY. It received BQ-9000 certification, the industry’s quality management program, in August 2014.
Print this page
