Cargill Acquires Iowa Ethanol Plant
March 31, 2011
Cargill announced Thursday that it has purchased Tate & Lyle's corn wet mill ethanol plant in Fort Dodge, Iowa.
"We believe that a highly efficient, well-located corn wet mill ethanol plant fits well into our bio-product portfolio," said Alan Willits, president of Cargill Corn Milling North America. "We see an opportunity in Fort Dodge to replicate the success we have had at our Blair, Neb., and Eddyville, Iowa, bio-refinery campuses."
The Fort Dodge asset is a corn wet mill ethanol facility. The existing facility has the ability to grind 150,000 bushels of corn per day and produce 115 million gallons of ethanol per year.
"This investment demonstrates Cargill's continued commitment to Iowa agriculture," said Governor Terry Branstad. "The Fort Dodge facility will create over 100 jobs in Webster county and help provide an alternative market for local producers."
Willits adds, "The corn wet mill ethanol plant will provide the base load corn grind for the campus, and we hope to support additional business growth in the coming years. When completed, Fort Dodge will be a world class bio-refinery campus that will produce ethanol and other bio-based products. We will achieve energy and operational efficiency while respecting the environment and natural resources, as we have in Blair and Eddyville."
Cargill is an international producer and marketer of food, agricultural, financial and industrial products and services.
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