Indiana Gains Tenth Ethanol Plant

Plans for the construction of Premier Ethanol LLC near Portland, Indiana, announced by Lieutenant Governor Becky Skillman and Broin Companies, call for a new 120 million-gallon corn ethanol facility to go up in two phases. This is the tenth new ethanol plant in Indiana in the last year. The $175 million project is expected to create 40 new jobs.

The facility will produce approximately 120 million gallons of ethanol and 356,000 tons of distillers dried grains (which is a high-quality feed ingredient fed to livestock and poultry), and will use 42 million bushels of corn annually. The Broin Companies currently produce, manage and market more than 800 million gallons of ethanol annually. The Indiana Economic Development Corporation (IEDC), Indiana State Department of Agriculture (ISDA) and Jay County Economic Development Corporation worked together to secure the ethanol plant. Economic development incentives offered by the IEDC include up to $50,000 in training grants, $150,000 in infrastructure assistance to the local community and up to $3,150,000 in tax credits based on anticipated employment and capital investment levels. As a result of legislation passed by the Indiana General Assembly in 2005, the Indiana Economic Development Corporation has replaced the Department of Commerce as the premier entity charged with state economic development. The IEDC has a 12-member board chaired by Gov. Mitch Daniels.
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