After too many years languishing empty, a Missouri biodiesel plant is finally coming to life. This article from Moberly (MO) Monitor-Index says Chicago-based Lakeview Energy, LLC is re-opening what started as the Producer’s Choice Soy Energy biodiesel facility and will now be known in the northern Missouri town as Lakeview Biodiesel, LLC.
The new project will not come cheap for Lakeview. The company is estimated to devote $5 million to upgrade the facility.
Lakeview Energy, LLC CEO Jim Galvin mentioned that the Moberly Area offers a significant workforce pool to pull from including many people with work experience in the biofuels sector.
Galvin went on to say, “After looking at various locations, we decided to expand in Moberly due in part to the availability of the PCSE facility but also the abundance of quality employees in the area. We are excited about the opportunity to rapidly expand our operations and the necessary work on the Moberly facility has already begun. We have enjoyed working with the City of Moberly and MAEDC and look forward to a long and rewarding relationship in Moberly.”
Last month, Lakeview Energy got some help in the form of a U.S. Department of Agriculture $3.3 million loan guarantee to help acquire this Missouri biodiesel plant and make improvements to bring it online to produce enough biodiesel to run approximately 16,500 vehicles annually.