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TOWN OF NECEDAH - Approval has been granted for the construction of an ethanol plant in the Town of Necedah.
According to a news release, a site has been approved for Castle Rock Renewable Fuels, LLC.
“We have been extensively involved in this project from the beginning and are elated to see it become a reality for Juneau County,” said Terry Whipple, Executive Director for the Juneau County Economic Development Corporation. “This project will bring good jobs, state of the art technology and have a positive impact on our economy.”
The plant will be designed to produce 50 million gallons of ethanol and over 160,000 tons of distiller’s grains per year, making it the largest ethanol plant in Wisconsin.
Distiller’s grains are a high quality animal feed used by the cattle, dairy, swine and poultry industries. Upon completion the plant will employ between 35 and 40 employees.
“We are very pleased the plant is being built in Necedah we expect it to have a very positive impact on the town,” said Town of Necedah board chair Vince Marchetti.
“We are excited to bring an ethanol plant to Necedah and further expand Babcock & Brown’s commitment to the renewable fuels sector,” said Bernie Hoffman, an excutive at Babcock & Brown.
“We are very appreciative of the support we have had from the people of Necedah and look forward to completing this project.”
Under the new Castle Rock management, the property is now in the process of being prepared for construction, which is expected to start in September, Hoffman added.
On a related note, there is also preliminary discussion of a second ethanol plant to be constructed in the area.
The city of Sparta is offering 34 acres of free land for the proposed project, which would be farmer owned, just east of the Century Foods International. Planning is still very early and the plant could employ 35 to 40 people.
Some information about Babcock & Brown
Babcock & Brown is a global investment and advisory firm with capabilities in structured finance and the creation, syndication and management of asset and cash flow-based investments.
Babcock & Brown was founded in San Francisco, Calif. in 1977 and is publicly traded on the Australian Stock Exchange. Babcock & Brown operates from 21 offices across Australia, the United States, Europe, Asia and Africa and has over 740 employees worldwide.
The company has established a funds management platform across its principal operating divisions that has resulted in the establishment of a number of focused investment vehicles in areas including; real estate, renewable energy and infrastructure.
Babcock & Brown is actively looking at opportunities in the renewable fuels sector in the USA, Europe and Australia in an advisory capacity, and in relation to development and principal investment opportunities on its own balance sheet, Hoffman said.
In January 2006, Babcock & Brown, through one of its listed managed funds, acquired a 100% interest in Diversified Energy Company, LLC (Denco), located in Morris Minnesota, which has interests in several ethanol production facilities in the U.S. and a share of a substantial ethanol marketing group.
Babcock & Brown has also recently announced the construction and development of a 100 million gallon per year plant in Hennepin, Illinois, operating under the name of Marquis Energy, LLC.
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