Prodution Begins at Clymers Ethanol Plant
May 7, 2007
The Andersons, Inc.
"We are pleased to have our second ethanol plant operational," says Mike Anderson, President and CEO of The Andersons, Inc. "We are especially happy to bring this operation to Cass County where we have a generous supply of corn as well as long-standing relationships with local growers. Additionally, we are glad to have the opportunity to support Indiana's commitment to be a major producer of alternative fuel."
Construction on the facility, which is the largest, dry-mill ethanol plant east of the Mississippi, began during the first quarter of 2006. ICM, Inc., an industry leader in ethanol technology and plant construction, served as the designer and general contractor of the $146 million project.
"Although poor weather conditions this year impacted construction, we are pleased the delay was minimized and we have a state-of-the-art facility in operation," adds Anderson.
Along with the 110 million gallons of ethanol, the plant will produce 350,000 tons of distillers dried grains, an animal feed ingredient, annually.
The Andersons, Inc., a 37 percent equity investor in The Andersons Clymers Ethanol LLC, will manage the facility and also will provide grain origination, risk management, and DDG and ethanol marketing services.
About The Andersons, Inc.
The Andersons, Inc. is a diversified company with interests in the grain, ethanol and plant nutrient sectors of U.S. agriculture, as well as in rail leasing, industrial products formulation, turf products production, and general merchandise retailing. Founded in Maumee, Ohio, in 1947, the company now has operations in seven U.S. states plus rail equipment leasing interests in Canada and Mexico. For more information, visit The Andersons online at www.andersonsinc.com.
First Call Analyst:
SOURCE: The Andersons, Inc.
CONTACT: Gary L. Smith, VP, Finance & Treasurer of The Andersons, Inc.,
Web site: http://www.andersonsinc.com/