New ethanol plant being considered in Iowa
A new ethanol plant may be built in Onida, Iowa, US.
Plans started earlier this year for a facility that is capable of producing 70 million gallons per year of ethanol and 200 tonnes of distiller’s grain.
‘What ethanol has done for agriculture is help balance supply and demand,’ says Walt Wendland, who, along with Chris Schwarck, has been involved in the start-up of several plants in the US. ‘It has helped stabilise corn prices throughout the US.’
Meetings will be held later this year, where shares will be offered locally first then to others in the industry.
Onida, Iowa, was chosen for the facility’s location due to the area’s availability of natural gas, water, electricity, railroad transportation, and the ability to grow and gather an abundance of corn.