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105-million-gallon ethanol plant proposed in Wisconsin

Agriculture.com Staff 11/25/2006 @ 8:04am

Global Renewable LLC, a Whitewater, Wisconsin, company, on Friday unveiled plans to construct and operate a $195 million plant that is expected to produce 105 to 120 million gallons of ethanol per year.

The proposed 191-acre site is located in the Town of Sharon and will require annexation to the Village of Sharon. The plant is expected to be operational in October 2008, and will require approximately 38 million bushels of corn annually. It will create approximately 55 new full-time jobs and more than 200 temporary construction jobs.

Global Renewable, LLC, is a partnership that includes former Wisconsin Gov. Tommy G. Thompson, who serves as its chairman of the board. The other partners are Jeffery P. Knight, who headed the Governor's Ethanol Coalition under Thompson, and businessman Tom Weickardt.

Knight has had preliminary discussions with Village of Sharon officials and is pleased with the pro-business attitude of the community.

"Sharon is a perfect location and this is an exciting time for ethanol," Knight said. "We look forward to making our application with the village, proceeding through its approval process and receiving public input about the project."

Sharon Ethanol LLC, as the plant will be called, is expected to pay more than $700,000 in annual property taxes.

According to Knight, area farmers will benefit from an estimated price increase of 16 cents per bushel of corn and from the availability of dried distillers grains to feed their livestock. Local farmers will save on transportation costs for corn and feed. New permanent ethanol plant jobs and temporary construction jobs will enhance the vitality of the local housing market and the business community.

Global Renewable LLC, a Whitewater, Wisconsin, company, on Friday unveiled plans to construct and operate a $195 million plant that is expected to produce 105 to 120 million gallons of ethanol per year.

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