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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
October 10, 2002Ethanol plant powers forward Bruce Johnstone
Saskatchewan News Network
Thursday, October 10, 2002
REGINA -- A $60-million ethanol plant at Belle Plaine producing 80 million litres of grain alcohol fuel per year will be announced today, says a source close to the project.
A media advisory issued Wednesday said, "PrairieSun Energy Products will be making a major announcement concerning ethanol development in Saskatchewan" at 11 a.m.
Premier Lorne Calvert, Industry and Resources Minister Eldon Lautermilch, Crown Investments Corp. (CIC) Minister Maynard Sonntag, as well as Mayor Pat Fiacco of Regina and Mayor Al Schwinghamer of Moose Jaw, will be in attendance.
The plant, a joint venture of Broe Companies of Denver and CIC, will be located at the IMC Potash solution mine at Belle Plaine, 37 kilometres west of Regina.
The source said the project will be financed by a combination of debt and equity, with Broe taking a 60 per cent stake and CIC the remaining 40 per cent.
The equity portion will represent roughly 25 per cent of the project's capital cost, with the remaining 75 per cent -- between $40 million and $45 million -- to be debt-financed.
The project is expected to begin construction next spring, with completion set for June 2004. Between 120 and 150 construction jobs will be created, besides the 30 to 35 permanent, full-time jobs at the plant.
The Belle Plaine project is the first of three such plants Broe plans to build in the province, the source said. The other likely locations are Tisdale and Melville. Announcements on the other plants are expected to be made early next year.
Today's announcement is the first concrete development since the provincial government unveiled its Greenprint for Ethanol Production in Saskatchewan in March.
The strategy included eliminating the 15-cent-per-litre fuel tax on ethanol produced and consumed in the province April 1, and mandating ethanol-blended gas when production reaches a certain level.
The province wants to build an ethanol industry that would produce 400 million litres a year, create 450 new jobs and generate about $350 million annually in economic output within five years.
Ethanol is a high-octane, grain-based alcohol which, when blended at 10 per cent with conventional gasoline, can reduce emissions of carbon monoxide and carbon dioxide by up to 30 per cent.
One of the byproducts of ethanol production is high-protein distillers' grain, which can be used as feed for cattle feedlots and intensive livestock operations.
Potentially, the biggest economic benefit could be the development of 40 or more feedlots throughout the province associated with ethanol production.
"The plan is to get the beef herd to over one million head by the end of the decade," the source said.
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