Company Announces Plans for New Ethanol Plants
Four new ethanol plants in the Midwest would be able to produce 100 million gallons per year.
Compiled by staff
Published: Jan 8, 2007
Emerald Renewable Energy, a new subsidiary of Cargill, has announced plans to build four 100-million-gallon-per-year ethanol plants in the U.S. Midwest, with several Cornbelt locations under consideration.
"Emerald Renewable Energy will have access to Cargill's world-class expertise in trading, sourcing corn, plant construction and operations, risk management and bulk commodity transportation," says Cargill corporate vice president Scott Portnoy.
Cargill formed Emerald Renewable Energy to develop and invest in U.S. renewable energy projects, and Cargill will provide initial development funding. Emerald will contract Cargill for facility support services, including corn supply and natural gas.
Each plant will use nearly 40 million bushels of corn annually and produce 100 million gallons of ethanol and over 300,000 tons of dry distillers grains for animal feed each year. The plant sites being considered include greenfield locations as well as co-locations with Cargill grain elevators and other utility infrastructure providers. The plants are expected to create about 40 jobs per location.
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