Broin Companies begins site work for Pinnacle Ethanol in Corning, Iowa

By | May 01, 2006
Broin Companies has selected Corning, Iowa, as the site for the construction of a 60 MMgy ethanol plant that will consume more than 21 million bushels of corn from the area. A groundbreaking program was held April 19 in Corning, followed by a ceremony at Pinnacle Ethanol's construction site, which was open to the public.

"Selection of Corning, Iowa, comes on the heels of a successful evaluation process including local community leaders, area utility representatives, county officials and staff from the Broin Companies," said Jeff Broin, CEO of Broin Companies. "This is a remarkable economic opportunity for the region, and we are eager to move forward with the project."

The Corning facility is expected to produce approximately 178,000 tons of premium Dakota Gold Enhanced Nutrition Distillers Grains and will be equipped with many of the company's burgeoning technologies, including BPX. The plant will be expandable to 100 MMgy and will provide approximately 40 jobs with an annual payroll of approximately $1.8 million. A target start-up date was not released.

Broin Companies currently manages five ethanol plants in Iowa: Tall Corn Ethanol LLC near Coon Rapids; Iowa Ethanol LLC near Hanlontown; Otter Creek Ethanol LLC near Ashton; Voyager Ethanol LLC near Emmetsburg; and Horizon Ethanol LLC near Jewell. Another Broin facility, Frontier Ethanol LLC near Gowrie, is currently under construction.