WDAY: The News Leader

Published March 27, 2011, 10:58 AM

Fergus Falls ethanol plant is in the hands of new owners

Fergus Falls, Minn. (WDAY TV) – It is a new beginning at the Fergus Falls ethanol plant. It's officially in the hands of new owners.

By: WDAY Staff Reports, WDAY

Green Plains Renewable Energy acquired the plant for $55 million dollars. The plant will now be called Green Plains Otter Tail.

Its part of the fourth largest ethanol company in the country. The plant is in the process of hiring eight employees. Otter Tail Ag filed for bankruptcy because of the economy, rising corn prices, and falling gas prices.