Plans for another Iowa ethanol plant announced

By | November 01, 2002
Golden Grain Energy, a group of farmers who want to build an ethanol production plant in north central Iowa, has announced plans to break ground this coming spring. The group has formed a cooperative and will hold an equity drive this winter to raise money for the project, by signing up fellow farmer-investors. Fagen, Inc., a firm headquartered in Granite Falls, Minn., has acquired 60 acres south of Mason City on which to build the plant. Fagen specializes in ethanol plant construction. The plant is expected to use 15 million bushels of corn per year to produce about 40 mimgy.