Ethanol Plant For Nebraska

Fagen Inc, a Minnesota-based developer of ethanol plants across the nation, chose Central City as the site for a US$60 million dry mill ethanol plant.

Central City, Nebraska – January 15, 2003 [] The plant will produce 40 million gallons of ethanol a year and will purchase about 15 million bushels of corn per year. The plant will create between 30 and 35 jobs, for an annual payroll of about US$1.2 million. “All of the communities under consideration provided us with top-notch proposals and we could have selected any of the three finalists,” said Ron Fagen, CEO of Fagen, Inc. “It was a difficult decision but ultimately we chose Central City because we thought it could best meet our long-term objectives.” The plant will be located just east of Central City. The company hopes to begin site preparation as soon as possible. “We could have done this project anywhere in the Midwest,” Fagen said. “We decided to concentrate and locate in Nebraska because of the ethanol tax credit program, LB536, the withholding tax program, LB620, and other incentive programs.” The design-build firm specializes in a number of industries, including ethanol plants, paper mills and power plants. In Nebraska the firm has been involved in the construction of five ethanol plants, and currently they are the design-build firm for ethanol plants in Plainview and Minden. Economic Development officials from Nebraska Public Power District played a key role in recruiting the company to Nebraska.
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