The World's #1 Renewable Energy Network for News, Information, and Companies.

Illinois Invests $25 Million to Help Build Five Ethanol and Biodiesel Plants

To help build five new state-of-the-art ethanol and biodiesel production facilities across Illinois, more than $25 million in new Opportunity Returns grants and additional support was announced by Gov. Rod R. Blagojevich. The new plants will spur about $334 million in private investment, produce 225 million gallons of biofuels each year, create almost 150 new jobs and reduce Illinois' dependence on foreign oil.

"Energy independence means not being held hostage by OPEC every time you fill up the tank with gas. These new ethanol and biodiesel plants mean more homegrown fuel that can replace foreign oil and give drivers more options and cheaper alternatives," Gov. Blagojevich said. The following five facilities will benefit from the grants: -- Central Illinois Energy LLC in Fulton County has received $6.35 million to build an approximately $100 million ethanol production facility near Canton that will create about 45 new jobs. -- Illinois River Energy LLC in Ogle County has received a $5.5 million grant to build its new 50 million gallon per year, $80 million ethanol production facility on an 81-acre site near Rochelle that will create about 45 new jobs. -- Center Ethanol Co., LLC in St. Clair County is receiving nearly $5.7 million in grants and tax credits to build a new $100 million ethanol production facility near Sauget that will create about 35 new permanent jobs, as well as 250,000 worker-hours of construction jobs. -- Biofuels Company of America, LLC in Vermilion County is receiving approximately $4.8 million in grants to construct a new $30 million biodiesel production facility near Danville that will create and retain about 115 jobs. -- Stepan Company in Will County is a receiving a $3 million grant for a nearly $24 million expansion of its existing biodiesel production facility near Elwood that will create up to eight new jobs. In June of 2003, Gov. Blagojevich signed into law a complete state sales tax exemption for biodiesel blends of 11 percent or higher, as well as for the high-ethanol blend known as E-85, which has multiplied the size of the biodiesel market by 30 times since 2003 -- making the biodiesel market 30 times larger than before. "Illinois is one of the leaders in annual corn and soybean production, and, with Gov. Blagojevich's vision, we are now leading the nation with new programs to support biofuels such as ethanol and biodiesel," said Jack Lavin, director of the Illinois Department of Commerce and Economic Opportunity. "We are opening the door to a new era of energy independence here in Illinois."

RELATED ARTICLES

Ukraine flag

US Companies Invest Millions in Ukraine Bioenergy Despite Turbulent Policy

Vladislav Vorotnikov, International Correspondent Massachusetts-based Briggs Capital plans to invest US$250 million in the Ukraine bioenergy sector within the next several years, according to its CEO Rhode Robertson. The announcement was made amid significant problems in U...
Coal plant

US Clean Power Plan Will Double Coal Plant Closures

Jim Snyder and Tim Loh, Bloomberg

A new government analysis of President Barack Obama’s signature effort to fight climate change affirms what critics suspected: the proposal could further weaken an already battered coal industry.

Angola

Angola's $750 Million Sugar-to-Fuel Project to Start in June

Manuel Soque and Colin McClelland, Bloomberg

A $750 million project to produce ethanol and sugar in Angola will start next month after a year of delays as costs rose 50 percent on a plantation larger than Montreal.

Renewable energy jobs

Global Renewable Energy Employment Surges 18 Percent to 7.7 Million

Andrew Burger, Correspondent Ongoing growth in renewable energy investment and deployment is creating jobs worldwide — and lots of them. This job growth is helping governments address a fundamental economic problem plaguing developed and developing cou...

CURRENT MAGAZINE ISSUE

Volume 18, Issue 3
1505REW_C11

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @megcichon @jennrunyon

FEATURED PARTNERS



EVENTS

Renewables and Mining Summit and Exhibition

African mining leaders are seriously exploring new energy solutions to s...

International Fuel Ethanol Workshop & Expo

Now in its 31st year, the FEW provides the global ethanol industry with...

Green Energy Summer School: Introduction to Bioenergy

This introductory course gives a detailed overview of the principles of ...

COMPANY BLOGS

Substrate Feeder for Biogas Facilities

RUD manufactures complete, ready-to-use conveyor systems for transportin...

US Energy Grid Review Finds Needed Upgrades Would Allow More Solar,...

Yesterday (April 21) the U.S. Department of Energy released the first Qu...

Clean Energy Patents Rise in 2014, Solar Tops others, Toyota and GM...

U.S. patents for Clean Energy technologies in 2014 were again at an all ...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS