Adkins Energy Commenced Construction on $70 Million Ethanol Plant in Illinois, in an Advisory by Industrialinfo.com.Business Editors HOUSTON--(BUSINESS WIRE)--Oct. 11, 2001 Researched by Industrialinfo.com (Industrial Information Resources (1) The data and information assets of an organization, department or unit. See data administration. (2) Another name for the Information Systems (IS) or Information Technology (IT) department. See IT. , Inc.; Houston, Texas). Adkins Energy LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (Lena, Ill.) recently began construction in September 2001 on a $70 million grassroots ethanol plant in Stephenson County near Lena, Illinois that is expected to start production late 2002. The plant will produce 40 million gallons per year Million gallons per year is a measure of large-scale liquid production, consumption, or throughput. It is variously abbreviated as mgy, MGY, mmgy, MMgy, or MMGY. of ethanol using approximately 13 million bushels of corn as a feedstock. In addition, the plant will produce 108,000 tons per year of dried distillers grain for use as a livestock feed and sell 101,000 tons of carbon dioxide carbon dioxide, chemical compound, CO2, a colorless, odorless, tasteless gas that is about one and one-half times as dense as air under ordinary conditions of temperature and pressure. produced as a by product. A simple cycle on-site electrical generation unit will be constructed making the plant an Independent Energy Producer (IEP IEP In currencies, this is the abbreviation for the Irish Punt. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) generating approximately six mega-watts and supplying 100% of the power needed to run the ethanol plant using natural gas rather than purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. from an electric utility. Lurgi PSI Corporation (Memphis, Tenn.) has been chosen to provide engineering, procurement, and construction services for the new ethanol plant. The on-site generation unit is currently being constructed by a joint venture between Adkins Energy LLC and NiCor Gas Company. Adkins Energy LLC was formed by over 241 members made up of farmers and local investors, including Lurgi, PSI Corporation, NiCor Gas Company, Williams Energy, and Pearl City Elevator. Industrialinfo.com provides daily news related to the industrial market place including industry alerts and databases for the energy and industrial markets. For more information on trends and upcoming construction activities in the Synthetic Fuels industry as well as other industrial sectors send inquiries to synfuelsgroup@industrialinfo.com or visit us at www.industrialinfo.com. |
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