The Andersons to invest $5.6 to expand Cass County enthanol plant operations
Phil Huffman, the company’s plant manager, said the investment would result in a new corn oil extraction system the would produce a more valuable byproduct that would net the company an additional 40 cents a pound.
“The oil project is to extract corn oil from the process to sell it as a value-added product,” he said.
SEE HERE
SkunK
Saturday, March 19, 2011
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3 comments:
Excellent find Skunkman!
A second ANDE licensed plant!
Is this an open door for Greenshift into a"big oil" plant? It will be if ANDE licenses a COES at their 3rd plant in Ohio. That plant is a partnership with Marathon Oil! Big Oil Teaming-Up With GERS?
The Ethanol Division operates three ethanol plants for Limited Liability Companies (“LLCs”) in Indiana, Michigan, and Ohio that are collectively capable of producing 275 million gallons of ethanol. The Company holds a 50.01% interest in The Andersons Albion Ethanol LLC (“TAAE”) and a 38% interest in The Andersons Clymers Ethanol LLC (“TACE”). The Company holds a 50% interest The Andersons Marathon Ethanol LLC (“TAME”) through its majority owned subsidiary The Andersons Ethanol Investment LLC (“TAEI”). A third party owns 34% of TAEI.
nice, can't wait to see how things turn out
What other stocks do you hunt down? I never see nothing but this one.
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