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Article: HOEVEN: MURPHY OIL CORPORATION ACQUIRES VERASUN ETHANOL

Article from:
US Fed News Service, Including US State News
Article date:
October 5, 2009
Copyright

BISMARCK, N.D., Oct. 1 -- Gov. John Hoeven, R-N.D., issued the following press release:

Gov. John Hoeven today extended a welcome and congratulations to the management and employees of Murphy Oil Corp., which earlier today acquired the former VeraSun Ethanol facility in Hankinson, North Dakota. It is the company's first renewable fuels venture.

Gov. Hoeven was informed of the acquisition by Plant Manager Wes Plummer, who said the company had searched extensively for an ethanol plant to acquire and was sold on the Hankinson site because of its outstanding workforce and well-maintained, modern facility. The purchase price was $92 million, and the company plans to invest an additional $15 ...

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