Vision Fuels Scrubs Plans for Two Additional Iowa Ethanol Plants; Des Moines Plant Expected to Start Construction in 1Q09

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Researched by Industrial Info Resources (Sugar Land, Texas)--Ethanol start-up Vision Fuels LLC's (Urbandale, Iowa) plans to build three Iowa fuel ethanol plants has been cut down to just one plant. Like many companies looking to build ethanol plants, projects have been canceled or put on hold because of record-high corn prices and market uncertainty.

The company had plans to build two identical 110 million-gallon-per-year plants in Boone and Liscomb, Iowa, and is now only concentrating on a single site for a 110 million-gallon-per-year plant in Des Moines, Iowa.

Praj Industries Limited (BOM:522205) (Pune, India) will provide the licensed ethanol process technology for the $247 million Des Moines project. Vision Fuels has selected Ryan Companies U.S. Incorporated (Minneapolis, Minnesota) as the project's turnkey engineering, procurement and construction contractor.

Construction is expected to get under way during the first or second quarter of 2009 and take 16 to 18 months to complete. The plant will process more than 42 million bushels of corn annually and also produce distillers dried grains, a byproduct of ethanol production.

The company announced last month that it had met a June deadline to secure funding for the project and will need until November 1 to reach a final deal with investors and complete the purchase of the 164 acres of land from the city needed for the plant.

Completion of the plant is scheduled for August of 2010.

Industrial Info's Ethanol Database provides a comprehensive outline of all current development activities in the emerging alternative fuels market. This database covers 156 ethanol plants in operation and 530 plants under development. It also covers 98 operational biodiesel plants and 245 biodiesel plants under development.

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