The Herrick Company, in its capacity as an advisor for single purpose ownership entities, and HH Capital Advisors, LLC completed the purchase and leaseback of the Fibrominn 55 Megawatt poultry-litter fueled power plant in Benson, Minnesota in December 2004 with $202 million in financing led by Prudential Capital Group, John Hancock Financial Services and Metropolitan Life. This first-of-its-kind poultry-litter fueled power plant in the US will generate 55MW of electricity (enough electricity to power 50,000 home) from approximately 700,000 tons per year of turkey litter in combination with agricultural biomass.
