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Posted on  

October 15, 2003

Golden Grain plant comes to life

By Jean Caspers-Simmet
Agri News staff writer


MASON CITY, Iowa -- Golden Grain Energy's plant groundbreaking ceremony Oct. 10 was plenty exciting for Walter Wendland.

"What started as an idea 23 months ago is now reality,'' said Wendland, the president of Golden Grain and a Fredericksburg farmer.

The $56.4 million project will use 15 million bushels of corn annually to produce 40 million gallons of ethanol. The plant will create at least 32 jobs with annual payroll and benefits of $1.7 million.

Project coordinator Stan Laures said Fagen Inc., has already started construction on the plant. Golden Grain should be producing ethanol by early 2005.

The 70-acre plant site south of Mason City has access to rail and roads and an ample supply of corn. During the ceremony Union Pacific trains drove past, and a combine harvested corn in a nearby field.

Not only will the plant produce ethanol, it will also generate dried distillers grains, a valuable feedstuff for livestock.

"Clean-burning ethanol is good for corn growers, consumers, the environment, rural communities and the nation,'' Johnson said.

Bob Amosson, a Cerro Gordo County supervisor and farmer, said he knows how important value-added products are.

"We think the corn market will go up eight to ten cents per bushel as a result of this plant,'' Amosson said. "Farmers in the country are anxious to supply corn to the plant. If agriculture is going to survive, we need to keep working on better markets. This will be an asset to the community.''

Mason City Mayor Jean Marinos said Golden Grain Energy will be the anchor of a new industrial area for Mason City.

"It is a visible hallmark of what we can accomplish when the city, county, state and federal government work together with private enterprise,'' Marinos said.

Robert Dinneen, president of the Renewable Fuels Association, said Golden Grain Energy is part of the fastest growing industry in the world -- the U.S. ethanol industry. Golden Grain is among 15 plants being constructed and will become one of 73 plants across the United State that are in production. When Golden Grain Energy comes on line, Iowa will surpass Illinois as the largest ethanol producer.

Wendland said the corn that will be used annually by Golden Grain Energy is about 10 percent of the corn produced and marketed within a 25- to 30-mile radius of the plant.

Wendland said more than 500 of the company's 720 shareholders are farmers.

Source: Agri News


 

 

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