New Ethanol Plant Increases State Capacity
"Rather than depending on overseas markets we're going to create a product that we can use for energy for our state," said John Cauthorn, Audrain County farmer.
The new ethanol will increase Missouri's ethanol output by nearly 25%. Officials say corn prices will increase 10 to 20 cents per bushel.
"You're gonna receive a better price for your corn even if you're not an owner in this facility," Cauthorn said.
The benefits aren't only reserved for farmers, the plant will provide more than 40 new jobs.
"If they're patient and this thing takes off like we think it will, there's going to be a lot of additional revenue," said David Vogt, Missouri Ethanol Chairman.
He has plenty of reasons to want the Sept. 25 opening date for production to come as soon as possible.
"I'm ecstatic, I couldn't be any happier," Vogt said.
He does have one large goal in mind.
"We're taking charge of our destiny as producers in the state of Missouri, relying on ourselves to create a product to enhance the lives of everyone in Missouri," he explained.
The plant will start regular corn deliveries Monday.
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