The Andersons, Inc.
"We are working with the city and state regulatory agencies to obtain approval to pursue construction on a 'greenfield' site in Greenville," explains Neill McKinstray, Vice President & General Manager for Ethanol. "This location is just one of several sites being considered by the Company."
The Company has an option to purchase land in an industrial park in this Southwestern Ohio community.
If the project goes forward, this facility would produce 110 million gallons of ethanol annually and would be the first fuel ethanol production plant in Ohio. Depending on timing, the facility could be operational as soon as the first quarter of 2008. The project is subject to approval by The Andersons Board of Directors.
Currently, The Andersons, Inc. is the largest individual investor in two ethanol facilities under construction, that when completed, will have the capacity to produce 165 million gallons of ethanol annually. The Andersons Albion Ethanol LLC is scheduled for completion in August. The Andersons Clymers Ethanol LLC is scheduled to be completed in the first quarter of 2007.
About The Andersons, Inc.
The Andersons, Inc. is a diversified company with interests in the grain, ethanol and plant nutrient sectors of U.S. agriculture, as well as in railcar leasing and repair, turf products production, and general merchandise retailing. Founded in Maumee, Ohio, in 1947, the company now has operations in seven U.S. states plus rail leasing interests in Canada and Mexico. For more, visit The Andersons online at http://www.andersonsinc.com/ .
SOURCE: The Andersons, Inc.
CONTACT: Gary L. Smith, VP, Finance & Treasurer, of The Andersons,
Web site: http://www.andersonsinc.com/