Summit Agricultural Group acquires Prairie Horizon Agri-Energy

In Iowa, Summit Agricultural Group, through its investment affiliate Summit Ag Investors has acquired Prairie Horizon Agri-Energy, a biorefinery in Phillipsburg, Kansas. Summit will construct a state-of-the-art wheat protein ingredients facility and retrofit the existing corn-based ethanol plant to produce ethanol from wheat starch. Upon completion of the ingredients plant and final conversion, the company will be the largest wheat protein producer in North America and will generate low carbon intensity renewable fuel. 

Summit will utilize best in class construction and engineering providers for the project which will total more than $200 million. The ingredients plant will be operational within two years and will be the largest wheat protein facility in North America.