Cardinal Ethanol extends Murex marketing deal, signs new agreements for Kansas plant

Cardinal Ethanol LLC

Amendment No. 5 extends Union City ethanol marketing deal with Murex; Murex will manage and lease at least 180 tank cars (specific rates confidential).
New ethanol purchase agreement for Kansas plant (acquired Jan 2024) with Murex for exclusive marketing; initial term slightly more than 3 years with auto-renewal.
Co-product marketing agreement with CHS for all distillers products from Kansas plant; effective April 12, 2024, automatic renewals.
Kansas plant estimated annual capacity ~70M gallons; agreements cover 100% of ethanol and co-products output.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

Cardinal Ethanol LLC amended Ethanol Purchase and Sale Agreement with Murex LLC valued at Amendment No. 5 to the Ethanol Purchase and Sale Agreement, extends term, requires Murex to provide (effective 2024-04-26).

Action: amendment
Agreement: supply
Counterparty: Murex LLC
Value: Amendment No. 5 to the Ethanol Purchase and Sale Agreement, extends term, requires Murex to provide
Effective: 2024-04-26

Exact text from the filing

Cardinal Ethanol, LLC ("Cardinal Ethanol") entered into Amendment No. 5 to the Ethanol Purchase and Sale Agreement with Murex LLC ("Murex") for the purpose of marketing and distributing all of the ethanol we produce at our plant in Union City, Indiana.

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292 material agreements filed in the last 30 days. Browse all material agreements →

Source: SEC EDGAR

accession 0001352081-24-000018

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