Tag: Ringneck Energy

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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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Ringneck Energy seeking $90 million from local investors

Ringneck Energy seeking $90 million from local investors

August 5, 2015 |

In South Dakota, promoters of the proposed Ringneck Energy ethanol plant planned for Onida are holding as many as 50 investor meetings around the state, and potentially into North Dakota and Minnesota as well, in an attempt to raise up to $90 million to build the $140 million,70 million gallon plant. The facility can later […]

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