North Dakota's Largest Ethanol Plant to be Built Near Hankinson
Brookings, SD (March 15)--North Dakota's largest ethanol plant will
be built near Hankinson, ND.
Contingent on zoning, permitting and tax incentives, US BioEnergy intends to construct a 100 million gallon per year (mgy) ethanol plant on this site.
A plant this size will consume approximately 37 million bushels of corn and will produce 320,000 tons of distillers grain annually.
Gold Energy, LLC has partnered with US BioEnergy Corporation, a South Dakota based company that has several projects underway.
Terry Goerger, Gold Energy Member stated, "By partnering with US
BioEnergy, we are joining a team of ethanol experts that can get our plant out of the ground quickly.
"Once we're operational, there will be a local board with representatives from this area offering leadership to this plant.
"We like that about this Company; they have Midwest roots just as we do and they know how to get a plant up and running."
CHS, one of the nation's leading energy grain-based food and supply company, is a 24% owner of US BioEnergy.
CHS's President and Chief Executive Officer John Johnson said, "The entry into the North Dakota renewable fuels manufacturing sector is a positive step for CHS members and customers, particularly given our long history as an energy supplier in the state,"
North Dakota Governor John Hoeven stated, "We have put good programs in place and worked diligently with the Gold Energy Board and US BioEnergy to develop this plant in North Dakota.
"It will have a big impact on Hankinson and southeastern part of our state, both in more revenues for our farmers and good jobs in rural North Dakota.
"This ethanol plant will be the third one under construction, along with a biodiesel plant, and we are working on more."
Randy Schneider, Gold Energy Member said, "The community of Hankinson and the state of North Dakota have supported this project from day one and we are anxious to see everyone's hard work pay off and get a plant out of the ground."
Gordon Ommen, CEO of US BioEnergy stated, "A plant like this will
bring millions of dollars into this community as well as high paying jobs.
"That's what is great about this industry; it's revitalizing the Midwest by offering opportunities for our young people to stay close to home, it's bringing money into our small towns and it's benefiting our farmers by increasing the demand for their corn."
US BioEnergy currently has the following projects under way:
-US Bio Albert City, IA, a 110 mgy plant that will be on-line in October of 2006.
-US Bio Woodbury, MI, a 50 mgy plant that will be up and running in September of 2006; US Bio Janesville, MN, a 110 mgy plant in the permitting stage with construction slated to begin fall of 2006.
US BioEnergy has also entered into a Letter of Intent to acquire Platte Valley Fuel Ethanol, near Central City, NE, and to be a majority owner of Val-E Ethanol near Ord, NE.
This will take US BioEnergy to a 250 mgy producer by the end of 2006.
For more information, call Kristi Lee 605-696-3109.
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