An ethanol plant for Enid, Okla. (see previous post) will become a reality soon now that officials with Oklahoma Sustainable Energy have received initial investments in excess of $5 million.

According to this article in the Enid News, OSE officials will continue their equity drive through Sept. 26 unless the cap of 499 investors or $14 million is reached before then.

Owned by Oklahoma Ethanol LLC, a limited liability company formed as a joint venture between OSE and Chaparral Energy of Oklahoma City, Enid’s ethanol plant will convert 20 million bushels of corn and grain sorghum annually into 55 million gallons per year of fuel-grade ethanol, approximately 200,000 tons of distillers grains and approximately 154,000 tons of carbon dioxide gas.