Xethanol Corporation has announced plans to construct a 50 million gallon per year cellulosic ethanol plant in Augusta, Georgia which would begin producing ethanol by mid-2007.

According to a company release, the plant will be constructed on the site of a Pfizer pharmaceutical manufacturing complex that Xethanol will be closing on within 30 days.

Christopher d’Arnaud-Taylor, Chairman and CEO of Xethanol, says the plant “is being designed to run on a variety of feedstocks and we are already securing the necessary feedstock streams from the forest products industry to run at capacity when we begin production by mid-2007.”