Printer Friendly

Ethanol Provider Everton Energy Launches with Appointment of Bert Farrish as CEO; Company Plans Quick Time to Market, Developing 100 Million Gallon Plant in Kansas.

NEW YORK -- Farrish Responsible for Ethanol Energy at USDA, Brings 30 Years Business and Policy Experience to New Position

Everton Energy, a new biofuel company headquartered in Kansas, officially launches today at the Ethanol Finance and Investment Summit with the appointment of Bert Farrish as the company's first Chief Executive Officer. Farrish joins Everton from the United States Department of Agriculture (USDA), where he served as Deputy Administrator for Commodity Operations for the Farm Service Agency. In this role, Farrish was directly responsible for the administration of the United States bio-diesel and ethanol bio-energy program.

Under Farrish's direction, Everton is currently planning the development and construction of its first ethanol production facility, a plant in Concordia, Kansas that will have a 100 million gallon per year production capacity. Everton also plans to announce details regarding the location and development of a second facility in the near future.

"Our vision is to build a fully integrated energy production and marketing company, using the latest technological developments in bio-energy," said Farrish. "We are in a unique position to take a leadership stake in the rapidly growing biofuel industry, and we expect to be producing ethanol within just three years. By 2010, Everton will be one of the leading producers and suppliers in the United States."

Farrish brings more than 30 years experience in the grain industry and government to Everton. Prior to his four years of service in the Bush Administration, Farrish was President of Columbia Grain, Inc., a leading grain exporter managing a 10% share of total U.S. wheat exports. While at Columbia Grain, Farrish directed the conception, design and construction of the first high-capacity wheat cleaning facility in the United States.

New State of the Art Facility

Everton is partnering with ICM of Colwich, Kansas to design and construct its new facility in Concordia. The plant has already been slotted by ICM to begin construction in the first half of 2007. ICM is the nation's leading designer of ethanol plants, with 64 facilities in operation in the United States.

"Everton's new facility will be a win-win for both farmers and consumers," said Farrish. "The Concordia location offers Everton strong access to feed stock, energy, and distribution channels that will provide us with a low cost structure and an opportunity for rapid growth."

Everton was formed by Leon Trammell, Chairman, and Steve Cloud, President, of Tramco, Inc. of Wichita, Kansas. Trammell will serve as Chairman of Everton Energy and Cloud will assume the role of Vice Chairman.

"Bert Farrish brings a wealth of knowledge and experience in agriculture and bio-energy to Everton, and he has proven that he possesses the ability to think creatively in both the private and public sectors," said Trammell. "His background in business, government and as a farmer will allow him to develop Everton into an industry powerhouse in biofuel development."

Everton is working closely with the community leaders in Concordia as it enters the final stages of planning for the company's new ethanol facility. "We are excited that Everton has chosen Concordia for its first site," said Kirk Lowell, Director of CloudCorp, the economic development arm of Cloud County, Kansas. "This will be a tremendous boost to the north central Kansas economy and to our farmers."

About Everton Energy, LLC

Everton Energy, LLC develops and acquires ethanol plants, with the goal of being a leading integrated producer and marketer of biofuels by 2010. Construction of Everton's first plant, a 100 million gallon ethanol facility in Kansas, is set to begin in the first quarter of 2007, and ethanol production is slated to start in the first half of 2008. Everton has retained Scura Rise & Partners Securities LLC of New York to assist with financing, and Sidley Austin LLP to serve as legal counsel.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Sep 12, 2006
Words:628
Previous Article:Beyond Security Introduces 80/20 Rule for 'Smart' Blackbox Testing in New Version of beSTORM; Top Security Vulnerabilities Revealed in Hours Making...
Next Article:Boeing Selects FAST to Support the U.S. Army's Future Combat Systems.
Topics:


Related Articles
Ethanol plant builder teams with Wells Fargo.
Going bananas over ethanol.

Terms of use | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters