Talk about a big payoff for investing in ethanol! Central City, Nebraska hit the ethanol jackpot last week with a huge donation from the ethanol industry. Platte Valley Fuel Ethanol and its majority owner, Fagen, Inc., gave the town $1 million for economic development efforts. “It’s just our way of saying thanks,” said Doug Anderson, general manager of the plant. “We wanted to do something that would continue to enhance economic growth in the area.”
The 50 million gallon/year plant started operation on May 5th, 2004. The company is merging with US BioEnergy of Brookings, S.D. and recently announced expansion of the plant to 100 million gallons.
Articles about the gift are accessible only by registration from the Omaha World Herald and the Grand Island Independent.