MAUMEE, Ohio, Oct. 18 /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 Crestline, Ohio.
As a part of its thorough site selection process, the Company is
considering a location adjacent to an existing elevator in this
central-Ohio community. The elevator is owned by Country Star Co-op, a
locally owned grain marketing and farm supply cooperative with 460 members,
serving Crawford and surrounding counties.
"We are in the preliminary stages of this project and this location is
among several under consideration by the Company," explains Neill
McKinstray, Vice President & General Manager for Ethanol.
Recently The Andersons announced site preparation has begun on a
potential ethanol plant in Greenville, Ohio, which would produce 110
million gallons of ethanol annually and could be operational as soon as the
first quarter of 2008.
The facility under consideration in Crestline would be of a comparable
size and be constructed on a similar timetable. The project is subject to
approval by The Andersons Board of Directors.
Currently, The Andersons, Inc. is the manager of, and the largest
individual investor in, The Andersons Albion Ethanol LLC, a 55-million
gallon facility opened in August, and The Andersons Clymers Ethanol LLC, a
110- million-gallon facility scheduled to be completed in the first quarter
of 2007. The Andersons also is a minority equity investor in Iroquois Bio-
Energy Company, LLC, a 40-million-gallon facility in Rensellaer, Indiana
scheduled to be operational 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, Inc., +1-419-891-6417, or gary_smith@andersonsinc.com
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