Company History: Siouxland Ethanol’s history started with a simple question—what if? What if local people could harness the resources already available in northeast Nebraska to spur rural economic development in new, innovative ways?
In 2003, local leaders established the Dakota County Economic Development Committee, which was the impetus for Siouxland Ethanol, LLC. Project leaders contacted seed investors, who contributed $1 million to fund a feasibility study and corn origination study. The committee knew the area’s strong transportation system (including rail and hard-surface roads), reliable and cost-effective utilities, groundwater and discharge water sources, and abundant corn available in and around Dakota County could contribute to a successful ethanol plant.
Siouxland Ethanol was formed as a limited liability company in Nebraska in August 2004. An equity drive to raise $36 million launched on Aug. 18, 2005, the same day President George W. Bush signed the first Renewable Fuels Standard legislation. Project leaders planned to host 50 informational meetings in the area to encourage people to invest in the new plant.
In 2003, local leaders established the Dakota County Economic Development Committee, which was the impetus for Siouxland Ethanol, LLC. Project leaders contacted seed investors, who contributed $1 million to fund a feasibility study and corn origination study. The committee knew the area’s strong transportation system (including rail and hard-surface roads), reliable and cost-effective utilities, groundwater and discharge water sources, and abundant corn available in and around Dakota County could contribute to a successful ethanol plant.
Siouxland Ethanol was formed as a limited liability company in Nebraska in August 2004. An equity drive to raise $36 million launched on Aug. 18, 2005, the same day President George W. Bush signed the first Renewable Fuels Standard legislation. Project leaders planned to host 50 informational meetings in the area to encourage people to invest in the new plant.
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Item created by: CNW400 on 2024-11-15 17:07:51
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