Strategic Value Partners, LLC and its affiliates (“SVPGlobal”), a global investment firm with approximately $8 billion of assets under management, today announced that is has completed its purchase of White Energy’s food ingredients and biofuels business. The transaction includes two integrated plants in Russell, Kansas: the largest vital wheat gluten manufacturing facility in North America, and one of the most cost-efficient ethanol production facilities in the United States.

“The Russell facilities have a unique value proposition in the food ingredient and renewable energy markets,” said Victor Khosla, SVPGlobal’s founder and chief investment officer. “We look forward to working with the team at Russell to make this great business into an even better independent company.”

SVPGlobal will now operate the following facilities as a standalone enterprise:

Russell Food Ingredients: With an annual production capacity of 56 million pounds, this facility is the nation’s largest producer of vital wheat gluten, a plant-based protein used as an ingredient in a number of attractive and high-growth food markets including baked goods, pet foods, and vegetarian and vegan foods. The new company will continue to market premier food ingredient products under the Heartland brand name, trusted by leading brands in the food and beverage industry.

Russell Biofuels: This facility produces over 50 million gallons of ethanol per year — at some of the lowest unit costs in the industry and with the best carbon footprint of any facility of its kind in the U.S. The low-carbon fuel is sent to premium clean fuel markets where the company receives attractive carbon credits. These achievements are made possible by the plant’s unique design, which enables it to consume starch by-products generated at the adjacent gluten facility.

“SVPGlobal is inheriting a talented team of highly capable professionals in Russell,” said White Energy CEO Greg Thompson. “With the resources and expertise that SVPGlobal brings to the table, these facilities will remain leaders in the food ingredient and renewable fuel markets.”

The Russell facilities employ approximately 80 people. Day-to-day operations will continue to be managed by the same highly-successful team to ensure no change to the quality of its products or customer service. White Energy will continue to operate ethanol production facilities in Hereford and Plainview, TX with the capacity to produce 260 million gallons of biofuel a year.

Financial details of the transaction are confidential.

About SVPGlobal
SVPGlobal is a global investment firm with approximately $8 billion in assets under management. The firm, established by Victor Khosla in 2001, has 114 employees, including 44 investment professionals, across its main offices in Greenwich (CT), London and Tokyo. Learn more at

About White Energy
White Energy, headquartered in Plano, Texas, is fueling America’s investment in renewable energy. It is one of the nation’s leading producers of biofuels and animal feed, with the capacity to produce approximately 250 million gallons of ethanol per year. The company is committed to reducing carbon emissions and currently working on several carbon capture initiatives.  White Energy owns and operates two state-of-the-art grain processing facilities in Texas. Learn more at