MAUMEE, Ohio, July 10 /PRNewswire-FirstCall/ -- The Andersons, Inc.
(Nasdaq: ANDE) today announced it has submitted the appropriate requests
for an air permit in preparation for a potential ethanol plant to be
constructed in Greenville, Ohio.
"We are working with the city and state regulatory agencies to obtain
approval to pursue construction on a 'greenfield' site in Greenville,"
explains Neill McKinstray, Vice President & General Manager for Ethanol.
"This location is just one of several sites being considered by the
Company."
The Company has an option to purchase land in an industrial park in
this Southwestern Ohio community.
If the project goes forward, this facility would produce 110 million
gallons of ethanol annually and would be the first fuel ethanol production
plant in Ohio. Depending on timing, the facility could be operational as
soon as the first quarter of 2008. The project is subject to approval by
The Andersons Board of Directors.
Currently, The Andersons, Inc. is the largest individual investor in
two ethanol facilities under construction, that when completed, will have
the capacity to produce 165 million gallons of ethanol annually. The
Andersons Albion Ethanol LLC is scheduled for completion in August. The
Andersons Clymers Ethanol LLC is scheduled to be completed in the first
quarter of 2007.
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 leasing and repair, 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 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, +1-419-891-6417, gary_smith@andersonsinc.com
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