Construction to begin on Clymers ethanol plant
Maumee, OH— The Andersons,
Inc. announced February 23 that it will immediately begin construction
on the largest, dry-mill ethanol plant east of the Mississippi
in Clymers, Indiana, having completed funding arrangements and
obtained environmental permits.
The ethanol plant will be owned
and operated by The Andersons Clymers Ethanol LLC. The Andersons,
Inc. will be the manager, and together with seven other investors,
co-owner of The Andersons Clymers Ethanol LLC.
“This is a major project
for the company,” described president and CEO Mike Anderson.
“The demand for ethanol is expected to increase from less
than two billion gallons in 2002 to over seven billion gallons
by 2012. The Clymers ethanol plant will be strategically located
next to our existing grain facility with access to an abundant
amount of corn, utilities and transportation infrastructure.”
With completion expected in the
first quarter of 2007, the Clymers plant will produce 110 million
gallons of ethanol each year, as well as 350,000 tons of distillers
dried grains, an animal feed ingredient.
“We expect this plant will
process 40 million bushels of corn each year, primarily sourced
from Cass and surrounding counties, significantly benefiting area
farmers and agribusinesses,” says Neill McKinstray, vice
president and general manager - Ethanol, a business unit of the
Grain Division. “In addition to creating between 40 and
50 new jobs, the construction project is expected to bring significant
dollars into the community as well.”
The Indiana Economic Development
Corporation (IEDC), in partnership with Cass County, worked to
provide an incentive package that helped secure the ethanol plant.
The Andersons operates 13 agriculture related business units in
10 Indiana counties, including four grain terminals handling in
excess of 50 million bushels of grain annually.
The Andersons also has a 44 percent
equity stake in The Andersons Albion Ethanol LLC in Albion, Michigan
and an 8 percent equity position in Iroquois Bio- Energy Company,
LLC in Rensselaer, Indiana. Both of these plants are under construction
and are expected to begin producing ethanol in 2006. The Albion
and Rensselaer plants will have 55 million gallons and 40 million
gallons of ethanol production capacity, respectively.