crowd continues to grow, havent heard about these 2 new entries.
Proposed Ethanol Plant to be Largest in Southeast
2006-05-01 12:00 (New York)
JACKSON, Miss. and ST. LOUIS, May 1 /PRNewswire-FirstCall/ -- A
Mississippi-based energy company and one of the nation's leading agribusiness
firms are teaming up to build the largest ethanol plant in the southeastern
United States.
Ergon Ethanol, Inc. and Bunge North America, Inc. announced the signing of
a letter of intent to form a joint venture to build an ethanol plant with an
annual capacity of at least 60 million gallons in the State of Mississippi.
The state-of-the-art facility will provide a key link between Bunge's grain
handling facilities in Mississippi and Louisiana, and Ergon's petroleum
refining assets.
Producing this renewable, clean-burning fuel will require at least
21-million bushels of corn each year, creating new markets for regional corn
growers. This facility will also generate corn-based co-products which are
excellent feed ingredients for area poultry and livestock producers.
"This proposed joint venture leverages the strengths of both Ergon and
Bunge," said Don Davis, executive vice president of Ergon. "With fifty years
of experience in petroleum refining and marketing fuel, Ergon has the
expertise to operate a highly efficient ethanol refinery as well as to market
the ethanol produced by the facility. Ergon has been evaluating renewable
energy sources for several years and expects that this project will benefit
all of Mississippi -- its drivers and its farmers."
"Bunge is a leading grain originator in North America with a strong
domestic network of elevators on the Mississippi River and its tributaries,"
said Tim Gallagher, senior vice president of Bunge North America. "Our
relationships with farmers and our experience in grain origination and
merchandising will ensure that the new venture has a ready supply of corn.
Ethanol production will also bring new feed ingredient opportunities for our
poultry customers."
About Ergon Ethanol
Ergon Ethanol, Inc. is a wholly owned subsidiary of Ergon, Inc
(www.ergon.com) with headquarters in Jackson, Mississippi. Ergon, Inc.,
privately held, operates under six primary business segments: Refining &
Marketing, Asphalt & Emulsions, Transportation & Terminaling, Oil and Gas,
Embedded Computing and Real Estate. Ergon owns and operates three petroleum
refineries located in Mississippi, Arkansas and West Virginia, producing
gasoline, low sulfur diesel, lubricant and process base oils, asphalts and
other specialty products.
About Bunge North America
Bunge North America (www.bungenorthamerica.com), the North American
operating arm of Bunge Limited (NYSE: BG), is a vertically integrated food and
feed ingredient company, supplying raw and processed agricultural commodities
and specialized food ingredients to a wide range of customers in the
livestock, poultry, food processor, foodservice and bakery industries. With
headquarters in St. Louis, Missouri, Bunge North America and its subsidiaries
operate grain elevators, oilseed processing plants, edible oil refineries and
packaging facilities, and corn dry mills in the U.S., Canada and Mexico.
