New ethanol plant planned in southwest Illinois

Forbes.com
Associated Press 09.09.08, 5:12 PM ET

MADISON, Ill. -
A planned $200 million ethanol plant in southwest Illinois is getting some state help.
The plant proposed by Abengoa Bioenergy of Illinois LLC will receive a $4 million grant through the state's Department of Commerce and Economic Opportunity.

Gov. Rod Blagojevich says the plant will be built by the end of next year and employ 60 workers. It also is to convert about 32 million bushels of corn each year into about 88 million gallons of ethanol.

Blagojevich says the site will use one-third less natural gas to produce a gallon of ethanol than the average ethanol plant built just five years ago.

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