updated: 10/16/2006 11:03:55 AM
A groundbreaking ceremony was held today in Hartford City for a new ethanol plant.
The $200 million Hartford Bio-Energy, LLC facility is the 13th new ethanol plant Indiana has secured in the past 18 months. The facility will produce about 88 million gallons of ethanol each year and will employ 40 people.
Source: Inside INdiana Business
HARTFORD CITY, Ind. (October 16, 2006)—Lieutenant Governor Becky Skillman today joined company officials from Hartford Bio-Energy, LLC to break ground for a new 88 million-gallon wet mill corn ethanol facility in Hartford City, Ind., further propelling Indiana into leadership as a national hub for biofuels production. This is the thirteenth new ethanol plant Indiana has secured in the last eighteen months.
“The addition of another ethanol plant in Indiana is a big win for Hoosiers,” said Lt. Governor Becky Skillman, who also serves as the Secretary of Agriculture and Rural Development. “This project will add jobs, bring new opportunities for Hoosier farmers, and create a renewable fuel that reduces our dependence on foreign fossil fuels.”
The facility will annually produce approximately 88 million gallons of ethanol and 325,000 tons of dried distillers grains, a high quality feed ingredient fed to livestock and poultry. The $200 million, two-phase project will create 40 new permanent jobs when in operation and in excess of 100 construction jobs during the 16 months it will take to complete the project.
The Indiana Economic Development Corporation (IEDC), Indiana State Department of Agriculture (ISDA) and Blackford County Economic Development Corporation (BCEDC) worked together to provide a performance-based incentive package that will help Hartford Bio-Energy to maximize its project.
Economic development incentives offered by the IEDC include up to $32,000 in training grants for Indiana resident employees, $100,000 in infrastructure assistance to the local community and up to $1.4 million in tax credits based on anticipated employment and capital investment levels.
“Hartford Bio-Energy would like to thank the IEDC, Blackford County, and Hartford City for all their efforts in putting an incentive package together,” said Terry O’Malley, Hartford Bio-Energy CEO. “It is very exciting to be in the business of producing a renewable fuel that is both environmentally friendly, cost effective, and that will cut America’s dependence on foreign oil.”
“Indiana’s strength in agriculture and its commitment to leading the way in biofuels continue to attract new enterprises to the state, such as the project here in Blackford County,” said Lt. Gov. Skillman. “We are making great progress in turning Indiana into a national leader in the development, production and use of biofuels.”
Co-Alliance, a partnership of the Midland, Impact, LaPorte and Frontier cooperatives, will originate 35 million bushel of grain for the Hartford Bio-Energy facility. Also contributing to Indiana’s Altra Plant, Co-Alliance is a proud contributor and supporter in the state’s efforts to be a nationwide leader in ethanol production.
As a result of legislation passed by the Indiana General Assembly in 2005, the Indiana Economic Development Corporation has replaced the Department of Commerce as the premier entity charged with state economic development. The IEDC has a 12-member board chaired by Governor Mitch Daniels. Indiana Secretary of Commerce Michael S. Maurer is also president of the IEDC. For more information about IEDC, visit www.iedc.IN.gov.
About Co-Alliance, LLP
Co-Alliance, LLP is a partnership of the Midland, Impact, LaPorte and Frontier cooperatives headquartered in Danville, Ind. Co-Alliance offers 28,000 members and customers solutions in energy (home heat and commercial fuels), agronomy, grain marketing and swine and animal nutrition.
Source: Indiana Economic Development Corporation