January 18, 2007
The Medicine Valley Economic Development Corporation is excited to announce that it has teamed with Wolverine Ethanol, LLC of Troy, Michigan to build an ethanol plant near Moorefield, NE in Frontier County.
The facility will be called Hi-Line Ethanol, a name that has historic significance for the area.
The Medicine Valley EDC obtained purchase options on the property for the purpose of building a renewable fuels production facility and worked with the Nebraska Public Power District to get the site ethanol ready.
This is an exciting development opportunity for Frontier County, said Curtis Heapy, President of the Medicine Valley Economic Development Corporation. Medicine Valley EDC has worked very closely with NPPD and the Nebraska Department of Economic Development to position Frontier County to attract value-added industries. At the same time, we set our standards very high. Our Board wanted a company that had a vision and plan for long-term sustainability, a proven track record, and a desire to work with local companies. We feel very strongly that Wolverine Ethanol exceeds those standards, and we are very excited that they will be part of Hi-Line Ethanol. The positive economic impact to the area will be significant and widespread, he said.
The site near Moorefield, NE consists of nearly 200 acres on Highway 23 approximately 10 miles west of Curtis, NE.
We are excited about the opportunity to be part of Hi-Line Ethanol, said Tom Randazzo, CEO of Wolverine Ethanol. The Frontier County location has all of the features and benefits that we believe are important for the successful operation of Hi-Line Ethanol, he said. Wolverine is also developing the Alcorn Energy facility near Holdrege, NE in Phelps County.
An air permit application for the construction of the 100 million gallon per year, dry mill plant, to be filed with the Nebraska Department of Environmental Quality, will be the first order of business for Hi-Line Ethanol. It is projected that the plant will consume over 35 million bushels of corn per year. Investment of nearly $200 million is anticipated and, when operational, the plant will have 35 to 45 employees.
Construction of the plant can start when an air permit is issued by the NDEQ. The NDEQ review process is expected to take 4 to 6 months to complete. The plant is expected to be operational 16 to 20 months after construction begins.