Midwest AgEnergy
Midwest AgEnergy (Harvestone Low Carbon Partners) operates three ethanol biorefineries in North Dakota and Indiana, producing 215M gallons of renewable fuel, 490K tons of DDGS livestock feed, and permanently sequestering 200K+ metric tons of CO2 annually.
- Company typePrivate
- Founded2007
- HeadquartersUnderwood, United States
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What Midwest AgEnergy does
Midwest AgEnergy, doing business as Harvestone Low Carbon Partners, is a privately held U.S. ethanol producer founded in 2007 and headquartered in Underwood, North Dakota. The company owns and operates three ethanol biorefineries — Blue Flint and Dakota Spirit in North Dakota, plus IBEC in Indiana — with combined annual production of approximately 215 million gallons of renewable ethanol fuel and 490,000 tons of Dried Distillers Grains with Solubles (DDGS) sold into livestock feed markets. The vertically integrated operating model converts locally-grown corn into clean-burning transportation fuel and agricultural co-products.
The company's differentiator is the integration of carbon capture and sequestration infrastructure into ethanol production, enabling permanent sequestration of more than 200,000 metric tons of CO2 per year. This positions the asset base to participate in low-carbon fuel standard programs, renewable identification number (RIN) markets, and emerging carbon credit monetization frameworks such as 45Q and 45Z. Distribution is direct from biorefinery facilities to fuel blenders and agricultural buyers across the two-state operating region. The company also operates a digital Cash Bids platform (integrated with grain technology partner Bushel) to source corn from local farmers.
Revenue mechanics follow commodity ethanol and DDGS market dynamics, with the carbon sequestration layer representing an emerging third revenue stream tied to environmental credit pricing. The company is led by CEO Jeff Zueger and employs between 51 and 100 people. Ownership structure, financial performance, and detailed capex history are not disclosed in available public material, which limits visibility into financial leverage, return on capital, and reinvestment runway.
Midwest AgEnergy firmographics
Firmographics- Name
- Midwest AgEnergy
- Legal name
- Harvestone Low Carbon Partners
- Website
- https://midwestagenergy.com
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Midwest AgEnergy (Harvestone Low Carbon Partners) operates three ethanol biorefineries in North Dakota and Indiana, producing 215M gallons of renewable fuel, 490K tons of DDGS livestock feed, and permanently sequestering 200K+ metric tons of CO2 annually.
- Ownership category
- akta.pro rank
Midwest AgEnergy industry classification
Industry- Product category
- Ethanol Biorefining
- NAICS
- Ethyl Alcohol Manufacturing (325193)
- SIC
- Grain Mill Products (2040)
- akta.pro primary industry
- Grain & Sugar-Based Ethanol Production (EUAAAHAA)
Keywords
Where Midwest AgEnergy is headquartered
LocationHeadquarters
- HQ city
- Underwood
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Midwest AgEnergy business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Distribution channels1 record
Marketing channels1 record
Midwest AgEnergy product offering
Product offeringCore offering
Midwest AgEnergy, operating as Harvestone Low Carbon Partners, runs three ethanol biorefineries—Blue Flint and Dakota Spirit in North Dakota and IBEC in Indiana—that convert locally-grown corn into clean ethanol fuel and dried distillers grains with solubles (DDGS) for livestock feed. The company also produces carbon sequestration outcomes through proprietary carbon capture technology integrated with biorefinery operations.
Product overview
Harvestone Low Carbon Partners (Midwest AgEnergy) operates a unified biorefinery platform consisting of three ethanol production facilities in North Dakota and Indiana. The company transforms locally-grown corn into clean-burning renewable fuel (ethanol) while producing high-quality agricultural co-products (DDGS for livestock) and permanently sequestering carbon dioxide. The portfolio includes ethanol fuel, DDGS animal feed, and carbon sequestration services, all powered by the three biorefinery assets (Blue Flint, Dakota Spirit, IBEC). A digital cash bids platform enables grain procurement from local farmers.
Differentiator
Problem solved
Functional benefit
Products and services
- Clean Ethanol Fuel
Quantifiable outcome
- Permanently sequesters 200K+ metric tons of CO2 annually
- +2 more outcomes
Companies that use Midwest AgEnergy
Customer profileSegments1 record
Ideal customer profiles3 records
Midwest AgEnergy technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Midwest AgEnergy partnerships and signals
Strategic signalScale indicators4 records
Recent moves4 records
Expansion highlights4 records
Midwest AgEnergy competitors and assessment
Company assessmentDirect peers
- Valero Renewable Fuels: A division of Valero operating 12 U.S. ethanol plants producing ~1.4B gallons annually. Directly comparable corn ethanol platform with similar DDGS co-product economics.
- Alto Ingredients: Mid-scale U.S. corn ethanol producer with multiple facilities producing ethanol, DDGS, and corn oil. Comparable operating footprint and product mix to Midwest AgEnergy.
- Green Plains Inc. Pure-play U.S. corn ethanol producer with multiple biorefineries producing ethanol, DDGS, and renewable corn oil. Closely mirrors Midwest AgEnergy's product mix and is pursuing low-carbon protein and carbon-capture initiatives.
- Aemetis: Renewable fuels company operating a corn ethanol plant in California with active carbon capture and sequestration deployment. Closely aligned with Midwest AgEnergy's CCS-at-ethanol-plant model.
- POET: The largest U.S. corn ethanol producer operating ~30 biorefineries. Directly comparable to Midwest AgEnergy in feedstock (corn), product mix (ethanol + DDGS), and downstream fuel offtake, though at materially greater scale.
Others
- ICM Inc. Leading ethanol process technology and plant design provider to the U.S. ethanol industry. Not a direct competitor but a key enabling partner whose technology stack underpins Midwest AgEnergy's biorefinery operations.
Broad incumbents
- Flint Hills Resources: Diversified refining and renewables operator with corn ethanol plants in Iowa and Nebraska. Comparable ethanol production platform but within a broader refining and chemicals portfolio.
- Cargill: Global agribusiness with corn processing and ethanol exposure. Overlaps Midwest AgEnergy in grain origination, ethanol, and DDGS animal feed, though as part of a much broader commodities and food ingredients portfolio.
- Archer Daniels Midland (ADM): Global agribusiness giant with significant U.S. corn ethanol production alongside oilseed processing and animal nutrition. Overlaps Midwest AgEnergy in ethanol and DDGS but operates a much broader commodity portfolio.
Regional players
- CHS Inc. U.S. ag cooperative with corn ethanol production in the Midwest. Comparable corn-ethanol and DDGS platform with strong regional feedstock control in the same geography as Midwest AgEnergy's Indiana facilities.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Midwest AgEnergy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Midwest AgEnergy leadership team
Management profileNumber of profiles
Profiles1 record
Midwest AgEnergy subsidiaries and ownership
Company hierarchySubsidiaries3 records
Midwest AgEnergy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Midwest AgEnergy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Midwest AgEnergy
What does Midwest AgEnergy do?
Midwest AgEnergy, operating as Harvestone Low Carbon Partners, runs three ethanol biorefineries—Blue Flint and Dakota Spirit in North Dakota and IBEC in Indiana—that convert locally-grown corn into clean ethanol fuel and dried distillers grains with solubles (DDGS) for livestock feed. The company also produces carbon sequestration outcomes through proprietary carbon capture technology integrated with biorefinery operations.
When was Midwest AgEnergy founded?
Midwest AgEnergy was founded in 2007. It employs 51 to 100 people.
Where is Midwest AgEnergy based?
Midwest AgEnergy is headquartered in Underwood, United States, in the North America region.
Who are Midwest AgEnergy's main competitors?
Direct peers on record are Valero Renewable Fuels, Alto Ingredients, Green Plains Inc., Aemetis and POET. ICM Inc. is listed as an others. Broad incumbents are Flint Hills Resources, Cargill and Archer Daniels Midland (ADM). CHS Inc. is listed as a regional player.
Does Midwest AgEnergy have an API?
No public API is recorded for Midwest AgEnergy.
What industry is Midwest AgEnergy in?
Midwest AgEnergy's product category is Ethanol Biorefining. Its primary akta.pro industry code is EUAAAHAA, Grain & Sugar-Based Ethanol Production. Its NAICS code is 325193 and its SIC code is 2040.