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Event Calendar

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, 200
San Diego, California
National Biodiesel Board

11th Annual National Ethanol Conference: "Policy & Marketing"
February 20-22, 200
Las Vegas, Nevada, USA
Sponsored by:
Renewable Fuels Association

22nd Annual International Fuel Ethanol Workshop & Expo
June 20-23, 200
Milwaukee, Wisconsin, USA

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Fuel Ethanol: A Technological Evolution



Posted on  

July 9, 2003

Investors hope ethanol plant proves to be 'golden' opportunity

Tuesday, July 8, 2003

By Jean Caspers-Simmet
Agri News staff writer

CALMAR, Iowa -- Golden Grain Energy plans to have a 40 million-gallon ethanol plant operating just south of Mason City by spring of 2005.

Walter Wendland, a Fredericksburg farmer and president of the limited liability company, and Dave Sovereign, a Cresco farmer and company vice president, explained the project last week during an equity meeting in Calmar.

Wendland said state and federal programs make it attractive to build plants.

A ban on MTBE, a possible national renewable fuel standard passing Congress, and other incentives from federal and state governments make it a good time to build plants.

Replacing all MTBE, which pollutes ground water, with ethanol will require 8 billion gallons of ethanol. Current ethanol production capacity is 2.873 billion gallons annually with an additional 417 million gallons under construction.

"We believe ethanol's time has come,'' Sovereign said.

Golden Grain Energy grew out of a feasibility study conducted for the Chickasaw County Board of Supervisors in December 2001. A limited liability company was formed the next spring. Project organizers selected Mason City as the plant site in September.

By the end of August, Golden Grain hopes to raise $24 million in equity to help finance the $56.4 million project. It hopes to close with a lender by fall and start construction before the end of the year.

The proposed dry mill plant would be built by Fagen, Inc., Granite Falls, Minn.


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