A $915 million ethanol acquisition could reshape the corn market in northwestern Indiana, bringing one of the Midwest’s leading agricultural companies into a strategic position to serve Hoosier farmers. The Andersons, Inc.’s proposed acquisition of Harvestone Low Carbon Partners (HLCP) combines grain merchandising, corn procurement, ethanol production and emerging low-carbon fuel opportunities in a deal with significant implications for Indiana agriculture.
At the center of the transaction is Iroquois Bio-Energy Company in Rensselaer, a Jasper County ethanol plant producing approximately 60 million gallons of ethanol annually while consuming nearly 19 million bushels of Indiana corn. If completed, the acquisition would make Rensselaer The Andersons’ second Indiana ethanol plant, complementing its established Clymers operation near Logansport and expanding its corn-processing presence across the state.
The acquisition comes as Indiana farmers confront tight corn margins, rising production costs and mounting pressure to strengthen domestic grain demand. The Andersons’ extensive grain merchandising and procurement network, combined with HLCP’s low-carbon ethanol capabilities, could create new opportunities for corn producers in northwestern Indiana while positioning the Rensselaer facility to capitalize on the growing market for renewable fuels.
Rensselaer plant could become strategic corn-buying asset
The Rensselaer ethanol facility gives The Andersons a strategically important position in northwestern Indiana, where corn production is a cornerstone of the regional agricultural economy…