Indiana Clean Energy, LLC has secured funding for construction of an 80-million-gallon-a-year biodiesel plant near Frankfort, Indiana.
This article from the Lafayette-West Lafayette (IN) Journal and Courier says Dougherty Funding is providing $52 million in financing to build the plant:
“We believe this is a significant step in putting the final pieces in place so that we can break ground and begin working to bring this exciting project to Frankfort,” said Indiana Clean Energy founder and board member Murray Gingrich.
Citing time required to work on the project and a need to diversify management experience of the company, Gingrich recently stepped down as chief executive officer and chairman of the board of Indiana Clean Energy. Kevin Kelley of Kelley Engineering LLC in Brookston succeeded him.
The plant will have rail access and be near an Archer Daniels Midland grain facility.