Penford to Produce Ethanol in Iowa

Cindy Zimmerman

Colorado-based Penford Corporation has announced plans to invest $42 million for approximately 40 million gallons of ethanol production capacity at its Cedar Rapids, Iowa facility. According to a news release, the facility is expected to be producing ethanol by the end of 2007. “Penford’s entry into ethanol will create value for our shareholders from more complete utilization of existing facilities …

Ethanol