MAUMEE, Ohio, Feb. 15 /PRNewswire-FirstCall/ -- The Andersons, Inc.
(Nasdaq: ANDE) today announced it has received approval for an air permit from
the Indiana Department of Environmental Management for the ethanol facility in
Clymers, Indiana. Financial closing for the facility is expected soon.
"We are very pleased we are one step closer to begin construction on the
Clymers ethanol facility," says President and CEO Mike Anderson. "When
completed in the first quarter of 2007, the facility will have a capacity of
110 million gallons and will be the largest of its kind east of the
Mississippi River."
The ethanol plant will be owned and operated by The Andersons Clymers
Ethanol LLC. The Andersons, Inc. will be the lead equity investor in the
facility and, in addition to managing the facility, will provide grain
origination, ethanol marketing, risk management and other services.
About The Andersons, Inc.
The Andersons, Inc. is a diversified company with interests in the grain,
ethanol and plant nutrient sectors of U.S. agriculture, as well as in railcar
marketing, industrial products formulation, turf products production, and
general merchandise retailing. Founded in Maumee, Ohio, in 1947, the company
now has operations in seven U.S. states plus rail equipment leasing interests
in Canada and Mexico. For more, visit The Andersons online at
http://www.andersonsinc.com.
SOURCE The Andersons, Inc.
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Related links:
http://www.andersonsinc.com
CONTACT:
Gary L. Smith, VP, Finance & Treasurer of The
Andersons, Inc., +1-419-891-6417, or gary_smith@andersonsinc.com
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