Vireol Bio Energy enters into Marketing Agreement with Murex

DALLAS, April 22, 2014 /PRNewswire/ -- Vireol Bio Energy, LLC has selected Murex LLC as their marketing partner for the bioethanol plant in Hopewell, Virginia. Vireol recently announced their plans to bring the 63 million gallon per year ethanol plant in Hopewell, Virginia online in April of 2014.  Vireol originally planned to transfer the plant to the UK, but decided to take advantage of the more focused legislative environment and more mature US market. 

Peter McGenity, CEO of VBE LLC said, "We are delighted to advise that with the support of Governor McAuliffe's office and the City of Hopewell, we will be starting production of renewable ethanol this month.

"After reviewing our original strategy to relocate the plant to UK, we are pleased to emphasise our commitment to all of our stakeholders based on starting up one of the world's most modern ethanol plants here in Hopewell."

"The Hopewell, Virginia ethanol plant is in a unique position in the ethanol market, and Murex is looking forward to partnering with Vireol to capitalize on their opportunities," commented Robert C. Wright, President of Murex, on the marketing agreement.      

Murex, headquartered in Addison, Texas, markets and distributes domestic ethanol, export ethanol, renewable identification numbers (RINs), crude oil and gasoline blendstocks to major oil companies and regional refineries. Murex is the nation's leading ethanol exporter, with an export terminal position that is unmatched in the industry. With over 20 million gallons of dedicated coastal storage capacity, Murex allows U.S. producer's access to South America, Europe, Africa, the Middle East and the Far East.  More information on Murex is available at www.murexltd.com.

SOURCE Murex LLC