Ag Energy Resources ready for construction on 7 Mgy corn ethanol plant

In Illinois, Ag Energy Resources has cleared all regulatory and financial hurdles and is set to begin construction of its 7 Mgy corn ethanol plant. Financial backing for the plant came from People’s National Bank in Benton and a $4.6 million loan from the USDA.

Illinois ranks second among US states in corn ethanol production (the Oil Independence Report can be downloaded by clicking here), and the state is expecting a bumper crop of corn this year.
A University of Illinois crop expert predicts corn yields of 180 bushels an acre, and the U.S. Department of Agriculture is projecting a 2.34 billion bushel harvest for the state when figures are finalized.

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