Funding Sought for East Coast Ethanol Plants
A company seeking to build ethanol plants in four southeastern states needs to raise over $800 million to get the job done. East Coast Ethanol already has about $10 million in seed money, but they are looking for at least $254 million from equity investors to complete the four 110 million gallon a year plants in North and South Carolina, …
Show Me Ethanol Grand Opening
Show Me Ethanol, a new farmer-owned ethanol plant in Missouri, will be celebrate its grand opening this weekend. Show Me Ethanol in Carrollton started production in May of this year and is opening its doors to members of the community on Saturday. The 55 million gallons per year plant is the sixth ethanol plant in the state, joining facilities in …
Galva Holstein Opens Iowa’s First Blender Pump
“With the assistance of IDED (Iowa Department of Economic Development) grants,” said Anne M. Johnson of Galva Holstein Ag., “which we are truly grateful for, we were able to add blender pumps this summer to this location and are now dispensing E10, E30, and clean-burning E85. All of us at Galva Holstein Ag are delighted to be a part of …
Iowa Ethanol Production Expands
VeraSun Energy has announced the startup of its 110 million gallon per year ethanol biorefinery located near Hartley, Iowa. The Hartley production facility marks the 13th VeraSun biorefinery in operation, increasing the company’s annual production capacity to more than 1.3 billion gallons. VeraSun Hartley is the fourth VeraSun facility to come on-line this year, joining sister production facilities in Marion, …
VeraSun Boosts Earnings on Ethanol
One of the nation’s largest ethanol producers has announced a revenue increase of nearly 500 percent over last year. VeraSun Energy Corporation on Monday reported its financial results for the three months ending June 30, which increased revenues by 499% over the second quarter of 2007, to $1.015 billion, and generated earnings of $.15 per diluted share, driven by higher …