Viridis Chemical Completes Phase I and Begins Phase II
IFG Asset Management (“IFG”) is proud to announce that Viridis Chemical, LLC (“Viridis Chemical”) has completed the Phase I capital improvement to produce USP grade bio-based ethanol and has begun Phase II capital improvement to produce bio-based ethyl acetate at its plant in Columbus, Nebraska.
Viridis Chemical began USP grade bio-based ethanol production in early August 2021 at the Columbus, Nebraska plant. On specification product for USP grade ethanol has been achieved and the first railcars have been sold to Viridis Chemical’s marketing partner, HELM. In addition to starting USP production, Viridis Chemical and KPS initiated construction on the Phase II capital improvement to produce bio-based urethane grade ethyl acetate and expects to begin production of that product the first quarter of 2023.
Carl Rush, Co-Founder and CEO of Viridis Chemical, stated, “This is a huge first step for our company as we bring our USP grade bio-based ethanol product to market. We will now shift our focus to executing on our ethyl acetate expansion project. Upon completion of our ethyl acetate expansion project, we will be the first and only large-scale producer of bio-based ethyl acetate in North America and look forward to providing the domestic as well as global market with sustainable ethyl acetate for a variety of applications, including several consumer facing products.”
About Viridis Chemical, LLC
Viridis Chemical, LLC is a world-class manufacturer of renewable chemicals headquartered in Houston, Texas. The Company is committed to the safe, environmentally sound, and economically viable conversion of bio-ethanol into useful products previously derived from oil or natural gas. Viridis Chemical is led by Carl Rush and Randy Whitaker.
For more information, please visit www.viridischemical.com
About HELM
HELM is a Hamburg, Germany, based family-owned company established in 1900 generating global revenues of $5 billion per year. HELM is one of the world’s largest chemicals marketing companies. The company secures access to the world’s key markets through its specific regional knowledge and subsidiaries, sales offices and participations all around the globe. As a multifunctional marketing organization HELM is active in the chemicals industry, in the crop protection industry, in pharmaceuticals and in the fertilizer industry.
For more information, please visit www.helmag.com
About Koch Project Solutions
Koch Project Solutions strives to be the preferred partner for capital project execution. Built on a foundation of safety, Koch Project Solutions partners with project owners to develop customized execution and contracting strategies designed to maximize the return on investment. Koch Project Solutions is a part of Koch Engineered Solutions providing world-class services and technologies broadly across industrial sectors. Superior Outcomes. Consistently Delivered.
For more information, please visit www.kochprojectsolutions.com.
