Absolute Energy of St. Ansgar received a $100,000 loan and $100,000 forgivable loan to help add a $2.4 million corn-oil extraction operation at the 100 million-gallon ethanol plant.
http://www.desmoinesregister.com/article/20090522/BUSINESS/905220364/-1/NEWS04
********
No other details yet but it seems this IOWA State agency has released some stimulus money towards corn oil extraction. Unknown if this will directly effect GERS? The dolllar amount seems to fit the "purchase option" also used to finance the Albiob, MI COES. This is where the plant finances the COES and GERS pays a higher price on the corn oil.
Here is the Ethanol company's web site.
http://www.absenergy.org/home.html
SkunK
Friday, May 22, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment