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Noble Initiates New Ethanol Project
SYDNEY - Apr 10/06 - SNS -- Noble Group announced the financial closing of the first ethanol plant being built by Gateway Ethanol LLC, an ethanol project development company based in Kansas.
The 55 million gallon plant located in Pratt, Kansas is expected to reach mechanical completion by May 2007 and commercial production by July 07. Gateway Ethanol LLC is a company comprised by established industrial and business investors and the plant will be engineered and built by Lurgi PSI, based in Memphis, TN.
The Gateway plant will be the largest ethanol plant in Kansas and will incorporate the latest technology to ensure it is a state-of-the-art, environmentally friendly plant.
Noble, also an equity investor with a USD 2 million participation, will market the entire ethanol plant production. Cargill will originate grain and market distillers' grains for Gateway.
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