About Guardian Energy
Guardian Energy– a joint venture between ethanol plants in Little Falls, Benson, Claremont, and Winthrop, Minnesota as well as Mason City, Iowa and Minden, Nebraska – purchased the 100 million gallon per year ethanol plant in Janesville.
“As locally-owned and operated facilities, we are proud to continue the tradition of local ownership and excited about the economic opportunities this plant will bring to Janesville and the entire southern Minnesota community,” said Ben Brown, CEO of Heartland Corn Products and Secretary of Guardian’s Board.
Specifically, Guardian Energy LLC is the cooperative effort of 6 midwest farmer owned ethanol plants. These plants believe the economic benefits of producing ethanol should stay in the local communities which has been key to the success of each of the member plants involved in Guardian Energy. Guardian Energy negotiated with the banks holding the Janesville facility, and their negotiations led to the successful close and transfer of ownership to Guardian Energy on September 23, 2009.
“We believe strongly in the local ownership model of ethanol production,” said Guardian Board member and CEO of Central Minnesota Ethanol Kerry Nixon. “Knowing your investors personally and having a relationship with the communities in which we operate puts us in a good position to weather the economic storms we have seen lately. We are committed to making Guardian Energy a successful enterprise, not just for its investors but for the community of Janesville as well.”
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