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BioUrja Affiliate Makes Strategic Investment
in West Plains LLC
West Plains LLC, a leading grain and agricultural commodity storage, supply and trading company, announced that it has entered into a strategic alliance with an affiliate of BioUrja Trading, LLC, whereby the affiliate is making a significant investment in West Plains. BioUrja is an ethanol and energy trading company based in Houston, Texas. The investment will dramatically enhance West Plains’ financial capabilities, while also opening up new business opportunities that leverage the trading strength of BioUrja. The strategic alliance will also restructure West Plains so that BioUrja’s affiliate will have control over its business operations.
Bryce Wells, the CEO of West Plains, stated that: “This new alliance with the BioUrja group allows West Plains to pursue significant growth in the future and will dramatically enhance our balance sheet. We are excited about the opportunities this new relationship will afford the company in the future.”
BioUrja expects to be able to leverage the natural synergies between its ethanol trading business and West Plains’ grain expertise for the benefit of both companies. Amit Bhandari, CEO of BioUrja, said “I am very pleased with this transaction and believe that it fits very well into BioUrja’s strategy of expanding its ethanol and energy trading footprint into related sectors. We are enthused by the prospects that West Plains brings to our group and are looking forward to working with Bryce and his team.”
BioUrja and West Plains are both privately held companies.
About West Plains:
West Plains LLC is an agricultural commodity trading business specializing in warehouse operation, risk management, and transportation with a focus on creating value for the company’s producers and consumers. Our customers depend on us to provide market insight, risk management, and logistics support. We are federally licensed and bonded warehousemen that trade whole grains, feed ingredients, freight, and other commodities within North America.
West Plains LLC is headquartered in the Board of Trade building in Kansas City, MO and has twenty-three locations spread across six states. The company controls nearly 20 million bushels of elevator space through ownership or lease agreements.
About BioUrja:
BioUrja Trading, LLC is a fuel and energy commodity trading company, specializing in the supply of physical ethanol to oil majors, independent refiners and others. BioUrja also supplies physical crude oil and trades in gasoline on the West and Gulf Coasts. We leverage our extensive distribution network and transportation logistics expertise to ensure timely, cost-efficient and reliable commodity supply to our customers. BioUrja is headquartered in Houston, Texas in the energy corridor and currently supplies over one billion gallons of ethanol to the domestic and international markets. See www.BioUrja.com for more information.
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