The Andersons to buy Harvestone Low Carbon Partners from ECP for $915M

The Andersons agreed to acquire Harvestone Low Carbon Partners, which runs three ethanol plants in North Dakota and Indiana, from Energy Capital Partners for $915 million. About half the price is attributed to expected 45Z and 45Q tax credit cash flows. The deal adds roughly 215 million gallons of annual ethanol capacity.

Why it matters: It expands The Andersons' renewables platform by more than 40% to about 730 million gallons and adds operating carbon capture infrastructure aimed at low-carbon fuel markets.