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World Biofuels
Symposium
November 13-15, 2005
Beijing, China
2nd Annual Canadian Renewable Fuels Summit
December 13-15, 2005
Toronto, Ontario, Canada
Hosted by:
Candadian Renewable Fuels
Association
National Biodiesel
Conference & Expo 2006
February 5-8, 2006
San Diego, California
Organizer:
National Biodiesel Board
11th Annual
National Ethanol Conference: "Policy & Marketing"
February 20-22, 2006
Las Vegas, Nevada, USA
Sponsored by:
Renewable Fuels Association
22nd
Annual International Fuel Ethanol Workshop & Expo
June 20-23, 2006
Milwaukee, Wisconsin, USA
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Posted on
April 4, 2003Dunn County Ethanol Funds Nearly Meet Goal Wisconsin Ag Connection Editors - 04/04/2003
One year ago this month, a group of farmers in western Wisconsin announced they were going to pool together their resources and raise money to build their own ethanol plant. Calling themselves the 'Western Wisconsin Renewable Energy Coop,' organizers said they were going to try to raise $12 million in one year to proceed with the project. And with $10 million now in hand, WWREC President Paul Harrison says its time to get started.
"We fell short on the number of investors we thought we could get," Harrison said. "But it is pretty encouraging we raised this much."
Harrison says about 380 investors committed funds to the project. A minimum of about $22 million in equity was needed to begin building the $57 million facility, which would produce about 40 million gallons of ethanol a year with 15 million bushels of corn purchased by area farmers.
As the plan stands right now, the plant will be built on 35 acres in the town of Hay River. The plant is expected to create 36 new jobs, with a payroll of $1.9 million, averaging about $50,000 per employee.
If all conditional use and building permits are approved, the WWREC hopes to begin building by September.
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