Construction to Begin Soon on Ethanol Plant in Cass County

The company says the facility, which is slated for completion early next year, will have a capacity of 110 million gallons when fully operational.

Source: Inside INdiana Business

Press Release

MAUMEE, Ohio, Feb. 15 -- The Andersons, Inc. (Nasdaq:ANDE) today announced it has received approval for an air permit from the Indiana Department of Environmental Management for the ethanol facility in Clymers, Indiana. Financial closing for the facility is expected soon.

"We are very pleased we are one step closer to begin construction on the Clymers ethanol facility," says President and CEO Mike Anderson. "When completed in the first quarter of 2007, the facility will have a capacity of 110 million gallons and will be the largest of its kind east of the Mississippi River."

The ethanol plant will be owned and operated by The Andersons Clymers Ethanol LLC. The Andersons, Inc. will be the lead equity investor in the facility and, in addition to managing the facility, will provide grain origination, ethanol marketing, risk management and other services.

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. For more, visit The Andersons online at http://www.andersonsinc.com.

Source: Andersons, Inc.