The first shovels of dirt were turned Monday in Colwich, KS, on what's being described as the most efficient, technologically advanced corn ethanol plant in the world, reports The Wichita Eagle.
Element LLC, a collaboration between ICM Holdings and The Andersons, Inc., is building a $175 million plant north of its headquarters in Colwich, KS.
The plant will produce ethanol, cellulosic ethanol and "co-products" such as animal feed and corn oil, according to a company statement. It is projected to open next spring.
Element is projected to purchase more than 22 million bushels of locally grown grain each year.
"The additional demand in grain is expected to generate millions of dollars in revenue for local corn producers," according to an Element statement released Monday.
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