The Broin Companies last week announced plans for the development and construction of Ultimate Ethanol, LLC near Alexandria, Ind.

The plant will initially produce 60 million gallons of ethanol a year, but is designed to expand to 100 million in the future.

Ultimate Ethanol will be the 29th ethanol plant built by the Broin Companies, who will provide turnkey development, design, engineering, construction, management and marketing services for the project. Broin Companies is also constructing Premier Ethanol near Portland, Ind., which is scheduled for completion next fall.