Cass County, North Dakota, commissioners on Monday, December 20, delayed a decision on a property tax break for the Tharaldson Ethanol plant in Casselton to gain more information about the company's finances, reports Inforum.
The company along, with partnering Great Plains Energy, is planning to build an $80 million addition to the facility that will provide other markets for corn oil and higher protein in the ethanol byproducts that can be sold for a much higher price than the distiller's grain now sold.
The new feed could be offered in such products as pet food or fish feed and provide a much higher return, said Chief Operating Officer Ryan Thorpe.
He said, however, the company's revenues can be volatile and sometimes go in the red for months or years.
The vote to delay any decision by the county board was unanimous. It's expected a decision would be at the board's late January meeting.
