Emerald Renewable Energy to Develop Ethanol Plants in Cornbelt

Minneapolis, Minnesota [RenewableEnergyAccess.com] Emerald Renewable Energy LLC, a newly formed Cargill subsidiary, plans to develop four ethanol plants in the Midwestern U.S. Cargill will provide the initial development capital for the projects and Emerald Renewable Energy will contract with Cargill for services to support the facilities, including corn supply, natural gas, price risk management and the marketing of ethanol and distillers grains. Each plant will use nearly 40 million bushels of corn annually and produce 100 million gallons of ethanol and over 300,000 tons of dry distillers grains for animal feed each year. The plant sites being considered include greenfield locations as well as co-locations with Cargill grain elevators and other utility infrastructure providers. The plants are expected to create about 40 jobs per location.
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