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Green Plains buys second U.S. ethanol plant in a week

Nov 2 Green Plains Inc has bought its second ethanol plant in a week in a $93.8 million deal for a facility in Hereford, Texas, owned by Murphy USA Inc, it said on Monday.

The sale of the plant, with an annual production capacity of 100 million gallons, was expected to close this month and follows an announcement last week that Green Plains bought Virginia's sole ethanol plant. The earlier deal, for $18.25 million, was for a plant with an annual capacity of 62 million gallons that had been idled.

Both plants are located far from the Midwestern...