PLCP moves forward with ethanol project

By | April 01, 2002
Pine Lake Corn Processors, a company primarily owned by northeast Iowa farmers, will move forward with plans to build an ethanol plant in Steamboat Rock, Iowa. The project was in limbo because Williams Energy, a major investor in the project, nearly pulled a $1millon investment out of the project due to their connection to Enron. Williams said some joint deals had negatively impacted their financial situation. Williams has now recommitted to the project.