Kansas City-based Alternative Energy Sources Inc. today announced plans to build a 110-million-gallon ethanol plant in Greenville, Ill., 45 miles east of St. Louis. This follows announcements in August that the company plans to build ethanol plants in Central Iowa and Northern Illinois.
The Greenville plant will be adjacent to the CSX and BNSF main railroad lines and served by the Illinois Western Railroad. Access to two mainline railroads offers competitive advantages, including maximum flexibility in shipping products and leveraging of freight arbitrage opportunities. The plant location is within five minutes of Interstate 70 and 30 minutes from Interstate 55 and 64, providing truck transport to Midwestern markets. "With both rail and truck shipping capabilities readily available, we will be able to serve national markets as well as neighboring communities in Central and Southern Illinois and Eastern Missouri," stated Mark Beemer, AENS president and CEO.
AENS has optioned 100 acres at the John W. Kelsey Business & Technology Park. "The amount of land optioned allows for the large footprint needed for flexibility in plant design and to apply our business model," said Lee Blank, AENS executive vice president and chief operating officer. Blank and Beemer are both former executives of Archer Daniels Midland Co., the nation's No. 1 ethanol producer.
Construction is planned to begin within the next year, with the plant scheduled to be in operation by late 2008.