Marquis Energy Acquires Castle Rock Renewable Fuels Ethanol Plant in Necedah, WI
Date Posted: December 14, 2010
Hennepin, Illinois—Mark Marquis, President of Marquis Holdings and Marquis Energy has announced that the family business, which founded and developed the Marquis Energy ethanol plant at Hennepin, Illinois, has made a second investment in the ethanol industry.
In July of this year Marquis took over operation of Castle Rock Renewable Fuels, a 50 million gallon per year ethanol plant at Necedah, WI.
The equity, management, and marketing deal closed recently.
On January 1, 2011 the plant’s Castle Rock name will change to Marquis Energy - Wisconsin, LLC.
Marquis Grain, Inc., the family’s 35-year-old grain company, will procure corn for the plant and market the DG (distiller’s grain) hi-protein feed product.
Marquis Management Services, President, Jason Marquis announced that the management group took over July 1, 2010 and has made several operational changes that have resulted in a 12% increase in ethanol output and significant profit gains.
Many of the production efficiencies, which contributed to the 125 million gallon per year Marquis Energy Hennepin facility’s success over the past couple of years, will be implemented at the Wisconsin facility.
The Marquis Management division will also provide ethanol marketing for both facilities.
Mark Marquis, who also serves as a Director of an industry leading trade group, Growth Energy, said “our family’s additional commitments to the ethanol sector indicate our belief that this high-performing, clean, and renewable fuel will be here to benefit American agriculture, American jobs and American motorists far into the future.”
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