09 August 2006 20:18 [Source: ICIS news]
NEW YORK (ICIS news)--Agribusiness major Cargill is planning to build a 40m gallon/year biodiesel plant and a 30m pound/year food-grade glycerin refinery in Kansas City, Missouri, a company official said on Wednesday.
The plant, which will be adjacent to Cargill’s existing soybean processing facility, will be co-owned by Paseo Biofuels, a new company formed by the Missouri Soybean Association.
Investment amount was not disclosed. Paseo Biofuels says it is working on a $24m (€18m) statewide equity drive to make the facility majority-owned by ?xml:namespace>
“This is a great opportunity for producers to get involved in adding value to their crops and farms,” said David Durham, board chairman of Paseo Biofuels. “We hope to utilize Cargill’s technical and marketing expertise. Such teamwork would build long-term security in the rapidly changing biodiesel industry.”
Construction will start in a few months with production projected to begin in mid-2007. The plant will use soybean oil as feedstock. The glycerin refinery would produce USP grade 99.7% purity, kosher-certified glycerin.
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