Bioenergy

New Indiana Soy Biodiesel Plant to Produce 10M Gallons

Indiana’s first soy biodiesel production facility will produce 10 million gallons of soy biodiesel annually. In its first year of production, Integrity Biofuels will use 6.7 million bushels of Indiana soybeans.

Company officials are already making plans to grow annual production beyond the company’s initial business year. “As we looked at potential production facility sites throughout the Midwest, we found a match in Morristown,” said Charles Whittington, Integrity Biofuels CEO. “In this site, we had access to an adequate supply of high-quality refined soybean oil, which is a key ingredient to soy biodiesel production. We also found in Morristown a Chamber of Commerce and a town board that welcomed our renewable fuel company with community support, an infrastructure critical for long-term business success, and valued tax incentives.” Integrity Biofuels has purchased an existing building/warehouse and expects to be in the business of selling cleaner burning, American-made fuel by early 2006, said Whittington. State support was also a critical factor in site selection. Earlier this year, Governor Mitch Daniels signed legislation allowing up to $20 million in tax incentives for biodiesel, blended biodiesel and ethanol production. The demand for biodiesel-blended fuels has grown substantially in the past year from both a state and national perspective. According to the Indiana Soybean Board, Americans demanded 25 million gallons of biodiesel in 2004. Estimates are that in 2005 American diesel owners will purchase a record 125 million gallons of biodiesel.