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Read comments (3)That's what Dave Hoffman of Merrill says about the $30 million corn oil plant he and others are planning to build next to the Plymouth Energy ethanol plant near Merrill.
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"It's designed to enhance the ethanol plant," said Hoffman, one of the investors of the Plymouth Oil Company plant.
On top of producing corn oil, the oil plant would provide the high-starch part of corn kernels Plymouth Energy will use in making ethanol.
"It should lower their cost by 9 to 10 cents a gallon," Hoffman said.
The corn oil plant will have equipment to separate corn kernels into the high-starch portion and the germ segment, which is used to produce corn oil.
"The plant will also produce 240 tons of defatted germ meal daily, which can be used for animal feed -- hogs primarily and also poultry and dairy," Hoffman said. "One of the advantages is we hope to mitigate the higher price of corn."
In the future, he said, the oil plant's corn byproduct may also be used to help curb malnutrition around the globe.
Third World countries with high-starch diets could use the de-fatted corn germ after it is used to produce corn oil for human food, Hoffman explained. Combining it with the starch they have available results in a more balanced diet.
The Plymouth Oil Company plant has been in the planning stages for more than a year, Hoffman said.
"The process is underway for purchasing the land," he said.
The plant will be adjacent to Plymouth Energy's 50-million-gallon ethanol plant north of Merrill.
The ethanol plant is under construction and slated for an August completion. Hoffman is the chairman of the board for that plant. The ethanol plant should create about 35 jobs.
"Either company could stand alone, but they make each other better," Hoffman said. "I think this is another example of how Plymouth Energy and the ethanol industry in general are looking to value add to corn."
Sorry to inform you csh51031, but if you fiquire in the emissions that result from the prodution of ethanol it is much higher then gasoline. Plus the resulting increase in corn prices makes the end cost of ethanol more expensive. Ethanol from corn is not the answer. Subsidies are the only thing that makes ethanol from corn attractive, but quess where that money comes from, you thru taxes
imkicks your an idiot with ethanol plants becoming more regular our prices for fuel should go down over the next year and its a cheaper and cleaner burning alternative
thanks to our tax dollars this project will start but standing without the subsidy all of the ethanol plants will fail. We need to start drilling off shore for more oil. Ethanol is not the answer!