POET to acquire Obion ethanol plant from Green Plains for $210m.

POET, a biofuels producer, agreed to acquire Obion ethanol plant located in Rives, Tennessee, from Green Plains, a biorefining company, for $210m. “The sale of our Obion facility reflects our continued commitment to unlocking value for shareholders and strengthening our balance sheet. We have been actively pursuing opportunities that align with our long-term strategy and support disciplined capital allocation. This divestiture not only demonstrates the strength of our asset portfolio but also enables us to fully retire our junior mezzanine notes — a significant milestone in enhancing our financial flexibility and advancing Green Plains’ carbon reduction strategy,” Chris Osowski, Green Plains CEO.