Tag: Ringneck Energy

Ringneck Energy thinks it can beat the trend and stay afloat in tough market

Ringneck Energy thinks it can beat the trend and stay afloat in tough market

September 2, 2019 |

In South Dakota, Ringneck Energy’s CEO told Platts in an interview that the 80 million gallon per year facility expects to weather the current storms in the ethanol market that has forced more than a dozen ethanol plants to idle thanks to its modern technology and affordable feedstock. Many plants have suffered from negative ethanol […]

Read More

Ringneck Energy fully commissioned following weather delays

Ringneck Energy fully commissioned following weather delays

June 17, 2019 |

In South Dakota, the Pierre Capital Press newspaper reports that Ringneck Energy in Onida has fully commissioned production after winter storms and rough spring weather got in the way of the facility’s completion. The company started receiving corn in March but production really kicked off on April 23, but it’s now running at nameplate capacity […]

Read More

Ringneck Energy to be commissioned by year’s end

Ringneck Energy to be commissioned by year’s end

April 11, 2018 |

In South Dakota, at long last and after several false starts, Ringneck Energy in Onida is set to begin producing ethanol by year’s end thanks to good weather in December that allowed construction to progress faster than expected. Delays in starting construction due to regulatory hurdles and legal challenges allowed time to upgrade designs that […]

Read More

Ringneck Energy to continue construction throughout the winter to make up for lost time

Ringneck Energy to continue construction throughout the winter to make up for lost time

October 11, 2017 |

In South Dakota, Ringneck Energy plans to continue construction through the winter on its $150 million ethanol plant outside of Onida. With cement being poured for foundations and financing signed off with the bank a few weeks ago, the company’s CEO says its all hands on deck for construction. Though the schedule is about a […]

Read More

Ringneck Energy to start construction August 14

Ringneck Energy to start construction August 14

July 27, 2017 |

In South Dakota, at long last Ringneck Energy is set to start construction of its $150 million ethanol plant in Onida August 14 but last minute investors are still welcome to sign up to the equity drive until July 28. The company has managed to park $85 million in equity from a total of 175 […]

Read More

Ringneck Energy says tax-free municipal bonds pose no risk for the city

Ringneck Energy says tax-free municipal bonds pose no risk for the city

October 25, 2016 |

In South Dakota, a hearing was held in Onida regarding the proposal for the city to issue $20 million in tax-free municipal bonds to help close the funding gap for Ringneck Energy’s proposed ethanol plant. The bonds would be of no risk to the city and would mostly be purchased by institutions investors in increments […]

Read More

Ringneck Energy asks city to fill funding gap with tax-free municipal bond

Ringneck Energy asks city to fill funding gap with tax-free municipal bond

October 18, 2016 |

In South Dakota, despite having all of its regulatory permissions in place, Ringneck Energy is still short of the $70 million needed to start construction of its planned $150 million ethanol plant and as such as asked the City of Onida to launch a $15 million to $20 million tax-free municipal bond to help fill […]

Read More

South Dakota Supreme Court paves the way for Ringneck Energy to start construction

South Dakota Supreme Court paves the way for Ringneck Energy to start construction

October 3, 2016 |

In South Dakota, the state’s supreme court overturned an appeal by opponents to the county’s conditional use permit for the proposed Ringneck Energy ethanol plant in Onida. The 11 opponents who live very near to the proposed site claim the facility is a threat to them and others. The facility can now begin construction as […]

Read More

Ringneck Energy fails to reach investment fundraising goals

Ringneck Energy fails to reach investment fundraising goals

May 19, 2016 |

In South Dakota, Ringneck Energy has raised only $55 million of the $75 million needed to move forward with its planned $140 million ethanol plant. Earthmoving for the planned 70 million gallon facility began late last year but construction that was meant to start this year has been postponed until the remaining financing has been […]

Read More

Ringneck Energy moving forward with build despite court case and still raising funds

Ringneck Energy moving forward with build despite court case and still raising funds

October 27, 2015 |

In South Dakota, Ringneck Energy is starting construction this week despite an appeals process going on in a local court case where some community members in Onida accused the county leaders of inappropriately granting the company a special use permit to build an ethanol plant. A county vote over the summer approved the permit with […]

Read More