150 Mgy Patriot corn ethanol plant to open in summer in Illinois

In Illinois, Patriot Renewable Fuels is scheduled to open this summer and is now accepting bids for corn shipment, with first deliveries in July. The 150 Mgy plant will require up to 150,000 bushels of corn per day.

Earlier this month, the ethanol outlook in Illinois brightened when Central Illinois Energy was renamed Riverland Biofuels and became eligible for an additional $1.6 million in support from the state of Illinois. The state originally awarded a $4.5 million grant, but suspended disbursement and initiated an investigation into spending of the grant money after Central Illinois filed for bankruptcy. At the time, $2.9 of the original grant had been disbursed.

The sale of Central Illinois Energy to Credit Suisse closed last month after a federal bankruptcy judge approved the sale. Credit Suisse and the Central Illinois Energy Cooperative had invested more than $90 million in the 37 Mgy plant since 2001, which requires up to $30 million more to complete construction. Central Illinois Energy Cooperative shareholders will lose all their money in the deal, which was opposed by Lurgi, the main contractor. Credit Suisse will pay $80 million in total for the project in the sale.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

100 Mgy Patriot ethanol project in Illinois joins Monsanto Processor Preferred Network

In Illinois, the 100 Mgy Patriot Renewable Fuels corn ethanol plant in Annawan has joined Monsanto's Processor Preferred Network, which now counts 80 ethanol plants among its members. Processor Prefer...

Marquis Energy to open 100 Mgy corn ethanol plant in Illinois

In Illinois, the 100 Mgy Marquis Energy corn ethanol plant will open this week in Hennepin, pending approval of the plant's water discharge plan by the Illinois Environmental Protection Agency permit ...

Two Illinois ethanol plants canceled, three proceed as ethanol financing and permitting struggles continue

In Illinois, two ethanol plant projects are stalled or canceled due to the recent downturn in ethanol margins or opposition by local officials. In Iroquois County, the Global Renewable Energy plant...

Illinois River Energy to construct $120 million, 50 Mgy corn ethanol plant

In Illinois, Illinois River Energy announced a plan to construct a $120 million, 50 Mgy corn ethanol plant in the town of Oregon. The announcement represents one of the first Midwest-based new corn et...

115 Mgy AE Biofuels corn ethanol plant delayed in Illinois, as seven IL projects delayed or dropped

In Illinois, seven ethanol plants are currently in limbo or delayed in the central part of the state due to deteriorating market conditions, but AE Biofuels confirmed that it is moving forward with a ...

Agra awards $37 million contract for Western Illinois corn ethanol plant to Delta-T

Agra Industries has awarded the plant engineering, procurement and technology contract for its 55 Mgy corn Western Illinois ethanol plant to Delta-T Corporation, a subsidiary of Bateman Litwin. The $3...