Cargill Subsidiary Emerald Renewable Energy Buys Land for First of Four New Fuel Ethanol Plants

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Researched by Industrial Info Resources (Sugar Land, Texas). Emerald Renewable Energy LLC (Minneapolis, Minnesota), a subsidiary of the largest privately held US Corporation Cargill Incorporated (Wayzata, Minnesota), has purchased land near their existing Cargill AgHorizons grain handling operation in Tuscola, Illinois as the location for the first of four new fuel ethanol plants the company plans to build in the Midwest.

Now that the land deal is done, Emerald is moving into the permitting phase of the project and expects to receive the go ahead to move forward around August or September of this year in anticipation of starting construction in the fall of 2007. Emerald will handle the design and engineering work in-house and will select a general contractor to coordinate construction efforts.

Plans call for the creation of a nameplate 100 million gallon per year plant that will process 38 plus million bushels of corn annually and represents a capital investment of some $200 million. Construction is expected to take sixteen to eighteen months to complete and the plant is scheduled to be on-line by the spring of 2009.

Additional Emerald Renewable Energy plants of the same size are in the works in Rock Port, Missouri and Topeka, Kansas with the fourth location yet to be announced by the company. Cargill currently operates ethanol plants in Eddyville, Iowa and Blair, Nebraska with a combined capacity of 120 million gallons per year. Once the additional plants go on-line, Cargill will boost their capacity for producing ethanol domestically to over 520 million gallons annually.

Emerald Renewable Energy LLC is a wholly owned Cargill subsidiary organized to develop and invest in renewable energy projects across North America. The company is dedicated to bringing the future of renewable fuels to consumers, farmer producers and the business community today. Cargill is an international provider of food, agricultural and risk management products and services. With 153,000 employees in 66 countries, the company is committed to using its knowledge and experience to collaborate with customers to help them succeed.

Industrial Info's Ethanol Production Database provides a comprehensive outline of all current development activities in the emerging synthetic fuels market. This database covers 123 ethanol plants currently in operation and 387 plants under development. It also covers 48 operational biodiesel plants and 142 biodiesel plants under development.

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