Valero Renewable Fuels Company has purchased a corn ethanol plant in Mount Vernon, Ind. from Aventine Renewable Energy-Mt. Vernon, LLC, a wholly owned subsidiary of Aventine Renewable Energy Holdings, Inc.

The plant has an annual production capacity of 110 million gallons and uses Delta-T technology, similar to the process already in use at Valero Renewables’ ethanol plant in Jefferson, Wis.

The Mount Vernon plant is the 11th corn ethanol plant in Valero Renewables’ system and its second in Indiana. The addition will give Valero more than 1.3 billion gallons per year in ethanol production. The plant has been shut down for approximately two years, but Valero Renewables plans to begin a restart program and resume production within the next several months.

We intend to invest in the Mount Vernon plant to make it competitive with other top-tier ethanol facilities, and we will use the technical expertise we have gained at our other plants to look at ways to improve Mount Vernon’s reliability, production rate and product yields.

The Mount Vernon plant’s logistical advantages include ready access to corn suppliers as well as strong rail, truck and barge transportation. The plant is at the Port of Indiana-Mount Vernon on a location leased from Ports of Indiana, the state port authority. That relationship will continue.