Petroleum Refiner and Agribusiness Firm Team to Build Largest Ethanol Plant in Southeastern US
3 May 2006
A Mississippi-based petroleum refiner and a global agribusiness firm are teaming up to build the largest ethanol plant in the southeastern United States.
Ergon Ethanol, Inc. and Bunge North America, Inc. signed a letter of intent to form a joint venture to build an ethanol plant with an annual capacity of at least 60 million gallons in the State of Mississippi. The facility will link Bunge’s grain handling facilities in Mississippi and Louisiana and Ergon’s petroleum refining assets.
The plant will consume at least 21 million bushels of corn each year.
This proposed joint venture leverages the strengths of both Ergon and Bunge. With fifty years of experience in petroleum refining and marketing fuel, Ergon has the expertise to operate a highly efficient ethanol refinery as well as to market the ethanol produced by the facility.—Don Davis, Ergon executive vice president
Bunge has been expanding its biofuel efforts internationally, expanding its oilseed crushing facilities in Europe, and joining with Diester to create a joint venture to manufacture and market biodiesel.(Earlier post.)
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