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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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Posted on  

December 22, 2003

Values Fund assists ethanol facilities

By TODD DORMAN, Courier Des Moines Bureau

DES MOINES --- Ethanol production facility projects near Mason City and Iowa Falls, and an organic oil processor in Cherokee County, received state financial assistance on Thursday.

Golden Grain Energy and Midwest Renewables each received $400,000 in loans from a pool of state dollars set aside for value-added agriculture ventures. Golden Grain is constructing a $55 million ethanol plant near Mason City. Midwest Renewables' $63.5 million plant will be built in the Iowa Falls area.

BIOwa Nutraceuticals also was awarded loans totaling $250,000 for a possible oil processing project in Cherokee.

The loans were approved Thursday by the Iowa Values Fund Board.

Golden Grain is a producer-owned cooperative. Its plant is expected to grind 15 million bushels of corn annually to produce 40 million gallons of denatured ethanol. State officials say the plant's appetite for grain should raise the price of corn roughly a nickel per-bushel within a 30-mile radius of the plant, which will also employ 32 people.

Midwest Renewables' plant, which will use roughly the same amount of corn and produce the same amount of ethanol, should have a similar economic impact, state officials said. The Iowa Falls plant will have 33 employees.

BIOwa Nutraceuticals is a potential joint venture between American Natural Soy Processors, which operates an oilseed refinery in Cherokee, and California-based Spectrum Organic Food Products. Spectrum is a leading maker of organic culinary oils and condiments.



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