Groundbreaking Set for Clymers Ethanol Plant
Wednesday April 26, 12:28 pm ET
MAUMEE, Ohio, April 26 /PRNewswire-FirstCall/ -- The Andersons, Inc. will conduct a groundbreaking ceremony April 27, 2006, at 11:30 a.m. for its 110 million gallon ethanol plant in Clymers, Indiana.
Gov. Mitch Daniels will be in attendance along with The Andersons company officials. Company officials will be available for media interviews following an earth-turning ceremony. All activities will be held outdoors.
When completed by the first quarter of 2007, the Clymers plant will be the largest of its kind east of the Mississippi River. Along with the 110 million gallons of ethanol, the plant will produce 350,000 tons of distillers dried grains, an animal feed ingredient.
The Andersons, Inc. is a 37 percent equity investor in The Andersons Clymers Ethanol LLC which will operate the facility. The Andersons also will provide grain origination, risk management and DDG and ethanol marketing for the facility.
The Andersons also has a 44 percent equity stake in The Andersons Albion Ethanol LLC in Albion, Mich. and an 8 percent equity position in Iroquois Bio- Energy Company, LLC in Rensselaer, Ind. Both of these plants are under construction and are expected to begin producing ethanol in 2006. The Albion and Rensselaer plants will have 55 million gallons and 40 million gallons of ethanol production capacity, respectively.
About The Andersons, Inc.
The Andersons, Inc. is a diversified company with interests in the grain, ethanol and plant nutrient sectors of U.S. agriculture, as well as in railcar marketing, industrial products formulation, turf products production, and general merchandise retailing. Founded in Maumee, Ohio, in 1947, the company now has operations in seven U.S. states plus rail equipment leasing interests in Canada and Mexico.
Source: The Andersons, Inc.
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