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 and resources,” said Tom Malkoski, Penford Corporation President and Chief Executive Officer. “We will be able to process more corn by utilizing existing assets more intensively and plan to convert a portion of our current production to ethanol use. This initiative also provides an attractive entry into this growing market through a lower capital investment and shorter time to market compared with many ethanol projects.”


While we were in Akron, OH one of our convoy participants received a big honor. Merrill Eisenhower Atwater was given the key to the city by
We really haven’t hit any rain to speak of on our convoy trip. That is until we crossed the Pennsylvania line this morning. It hasn’t stopped since then I don’t think.
After leaving South Bend, IN we trekked onward to Akron, OH. Our host was the
We got a real treat when we pulled into South Bend, IN. A crowd of people were out on the street to cheer and wave us in. It was the best public support display we’ve seen on the main convoy route.
Prior to leaving Tinley Park, IL we participated in a press conference that was organized by the Illinois Dept. of Transportation.
The latest “Fill Up, Feel Good” podcast from the
The cross country convoy is in Akron, OH and heading to Pennsylvania today. We got in too late last night to post anything although I have a lot of good stuff for you.