[Biodiesel News] Bunge, biodiesel group building largest biodiesel plant in ...

Bunge, biodiesel group building largest biodiesel plant in ...

Agriculture Online - USA

A Memphis, Tenn.-based investment group and a leading agribusiness firm are teaming up to build Illinois' largest biodiesel plant in Danville. ...

 

A Memphis, Tenn.-based investment group and a leading agribusiness firm are teaming up to build Illinois' largest biodiesel plant in Danville.

 

Bunge North America, the North American operating arm of Bunge Limited and Biodiesel Investment Group LLC announced the creation of Biofuels Company of America LLC (BCA), a joint venture that will build the 45 million gallon-per-year biodiesel plant adjacent to Bunge's soybean processing facility in Danville. Work on the site is already under way with plans for the plant to be operational in the first quarter of 2008.

 

"Bunge will be able to provide 100% of the feedstock for the new plant as well provide risk management and other services to the new facility," said Larry Clarke, senior vice president and general manager, Bunge Oilseed Processing.

 

Producing 45-million gallons of biodiesel will use the equivalent of 30 million bushels of soybeans. When complete, the plant will employ up to 15 full-time employees.

 

"The availability of feedstock, the access to transportation and the State of Illinois' commitment to alternative fuels through the Renewable Fuels Grant program, all made the Danville site attractive to us," said Mark Burke, Biodiesel Investment Group president.

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Posted by Vince to Biodiesel News at 9/22/2006 11:58:00 AM