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Article: N.D. ETHANOL PLANT EXTENDS EQUITY DRIVE FOR FOURTH TIME
- Article from:
- Renewable Fuel News
- Article date:
- November 15, 2004
- Author:
CopyrightCopyright Hart Energy Publishing, LP Nov 15, 2004. Provided by ProQuest LLC. (Hide copyright information)
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Is the fourth time the charm? Owners of a proposed North Dakota ethanol plant anticipate the facility will be headed towards construction by the end of the year, after recently extending its equity drive for a fourth time.
Red Trail Energy, LLC is aiming to build a 50 million gal/yr ethanol plant in Richardton, N.D., using corn as its feedstock. The plant will use North Dakota lignite, a consolidated form of coal, to fire the boiler, heat the air, produce the steam, dry the co-product and generate the electricity. Once operational, Red Trail would make North Dakota's third ethanol plant.
While the ethanol plant's ...