Homeland Energy Solutions Targets First Week of April for Iowa Ethanol Plant's First Grind

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Researched by Industrial Info Resources (Sugar Land, Texas)--Investor-owned Homeland Energy Solutions LLC (Riceville, Iowa) is currently going through commissioning and equipment testing procedures at the New Hampton Ethanol Plant in Iowa and has targeted the first week of April as the date the plant will begin grinding corn and producing ethanol.

Construction began in May 2007 and is being built by the design-build team of ICM Incorporated (Colwich, Kansas) and Fagen Incorporated (Granite Falls, Minnesota). The 100 million-gallon-per-year plant will require 37 million bushels of corn annually to produce the fuel and will also generate 333,000 tons of distillers dried grains per year.

The plant has two 500,000-bushel concrete silos and two 20,000-bushel-per-hour grain-handling legs to handle incoming corn, as well as two 1.5 million-gallon ethanol-storage tanks. Finished product from the plant will be shipped by rail and truck.

The ethanol produced at the plant will be marketed by Green Plains Renewable Energy (NASDAQ:GPRE) (Omaha, Nebraska) and the distillers dried grains will be marketed by CHS Incorporated (Inver Grove Heights, Illinois).

The estimated $150 million plant is located in New Hampton about 80 miles north of Cedar Rapids in Chickasaw County.

Industrial Info's Ethanol Database provides a comprehensive outline of all current development activities in the emerging alternative fuels market. This database covers 177 ethanol plants in operation and 530 plants under development. It also covers 145 operational biodiesel plants and 245 biodiesel plants under development.

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