Heron Lake Bioenergy, LLC Finalizes Amendment No. 2 to its Ethanol Marketing Agreement with Eco-Energy LLC
October 29, 2019 at 09:18 am EDT
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On October 28, 2019, Heron Lake BioEnergy, LLC finalized Amendment No. 2 to its Ethanol Marketing Agreement (the Marketing Agreement) with Eco-Energy LLC (Eco-Energy). The Amendment provides for an extension of the term of the Marketing Agreement through December 31, 2020, with automatic renewals for additional consecutive terms of one year unless either party provides written notice to the other party at least ninety days prior to the end of the term or the renewal term. Under the Marketing Agreement, as amended by the Amendment, Eco-Energy will continue to purchase the entire ethanol output of the Companys Heron Lake, Minnesota, ethanol production plant. The Amendment also provides for certain negotiated changes to the marketing fees payable to Eco-Energy and payment terms under the Marketing Agreement, effective as of October 1, 2019.
Heron Lake BioEnergy, LLC owns and operates an ethanol plant near Heron Lake, Minnesota with a permitted capacity of approximately 72.3 million gallons per year of undenatured ethanol on a twelve-month rolling sum basis. In addition, Heron Lake BioEnergy, LLC produces and sells distillersâ grains with solubles and corn oil as co-products of ethanol production. The Companyâs segments include Ethanol Production and Natural Gas Pipeline. Heron Lake BioEnergy, LLCâs wholly owned subsidiary, HLBE Pipeline Company, LLC (HLBE Pipeline Company), is the sole owner of Agrinatural Gas, LLC (Agrinatural). Agrinatural, is a natural gas pipeline company that owns and operates the natural gas pipeline that provides natural gas to the Companyâs ethanol production facility and other customers through a connection with the natural gas pipeline facilities of Northern Border Pipeline Company in Cottonwood County, Minnesota.
HERON LAKE BIOENERGY, LLC 