Vitol Inc. has acquired full ownership of Mid America Agri Products / Wheatland, LLC (MAAPW) and its parent company, Mid America Bio Energy & Commodities, LLC (MABE), the company announced.
Vitol has been a shareholder in MAAPW and its exclusive ethanol marketer since 2018.
Vitol said the acquisition reflects its continued commitment to renewable fuels and its confidence in ethanol as part of the energy transition. By bringing MAAPW and MABE fully into its portfolio, it aims to strengthen its position in the North American biofuels market.
Justin O’Rourke, who works in business development at Vitol Inc., said the company was grateful for its relationship with MAAPW and MABE and looked forward to continuing to work with their current teams. He said Vitol intended to build on that relationship and support further growth and innovation in renewable fuels.
Sandra Lundeen, co-founder of Mid America Agri Products, said the deal had deep personal meaning for her. She said Bob, MAAPW’s founder, who died in May 2023, would have been pleased to see the company carried forward by a partner such as Vitol.
