News

New ethanol plant begins production in Iowa

With all the bad news in the ethanol industry these days, here’s some positive news.

A new 100-million gallon ethanol plant in New Hampton, Iowa hasjust started production. The plant is owned by Homeland Energy Solutions. Board chair Steve Eastman says they’re grateful to have missed the commodity boom and bust of 2008 that whiplashed so much of the ethanol industry. He says, while margins remain tight, the company feels well positionedgoing forward.

The New Hampton plant brings to 39 the number of ethanol refineries in Iowa. Four more plants are currently under construction in the state.