Ringneck Energy to start construction August 14

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 investors in nine states even though it only was looking for $75 million so believes it’s well placed to implement the project successfully. All of the legal challenges have been put to rest, leaving the project wide open to move forward so it can eventually produce ethanol from 25 million bushels of corn a year.