Idaho ethanol project moves nearer to reality

By | November 01, 2002
Only days after a new study said ethanol production could pump millions of dollars into a sluggish state economy, a proposed $50 million plant is moving closer to reality in south-central Idaho. Magic Valley Energy Co. officials have settled on a location for the plant in Minidoka or Cassia counties. They are keeping the exact location confidential until all the paperwork is finalized. The plant could be operating within 18 months, generating about 65 new jobs, both on its payroll and in the trucking sector for delivery of commodities to feed the production process, said Brad Frazee, general manager of the alternative energy division at Intrepid Technology and Resources Inc. The Idaho Falls company joined up with the Magic Valley Energy Coalition earlier this fall to form the company that will own and operate the plant. The plant will have an estimated production capacity of 40 mmgy. Intrepid Technology's plans for a similar plant in Pocatello fell through last summer when further analysis of the proposed site showed it could not handle the increased activity. The Idaho Falls company and others are still assessing prospects for plants in Payette, Idaho Falls and McCall.