DuPont ethanol plant to be built in central IowaNEVADA, Iowa — DuPont has chosen a central Iowa location near Nevada for its next-generation ethanol plant.
NEVADA, Iowa — DuPont has chosen a central Iowa location near Nevada for its next-generation ethanol plant.
Jennifer Hutchins, a spokeswoman for DuPont Danisco Cellulosic Ethanol, a subsidiary of Wilmington, Del.-based DuPont, told The Des Moines Register on Monday that the plant will take 12 to 18 months to build and is expected to ready for production in 2013.
The facility will use corncobs, leaves and stalks to produce ethanol rather than kernels of corn and employ about 60 workers. DuPont Danisco is working with local farmers to get commitments for collecting cobs, leaves and stalks from their fields. The plant will need about 300,000 dry tons of stover annually, according to Hutchins.
Hutchins declined to say how much DuPont would invest in the plant, though documents filed with the state show the investment would be $275.5 million.
DuPont had announced in January that the project would go to Iowa, beating out bid from Nebraska. The Iowa Power Fund board approved a project grant of $9 million in February.
DuPont will be buying land next to the Lincolnway Energy ethanol plant after considering placing the biorefinery near Fort Dodge.
“We're producing cellulosic ethanol sustainably and economically today, and the market is ready and interested to deploy large-scale biorefineries,” said Joe Skurla, CEO of DuPont Danisco Cellulosic Ethanol. “We are purchasing the site next to Lincolnway because it will meet the business needs for our project, and provides potential economic and environmental synergies for both facilities.”
Nevada has said it would provide nearly $8.7 million in tax abatement over 10 years. The Iowa Power Fund also agreed to provide $586,000 in job training assistance and $4.6 million in tax credits.