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Hartford Bio-Energy Breaks Ground on $200 Million Ethanol Facility in Indiana

HARTFORD, Ind. (October 26, 2006) — The company could receive up to $1.4 million in tax credits based on anticipated employment and capital investment levels.

  [ 10/26/2006 ]  By: NEWS BRIEFS   Print This Article  Reprint/License This Article  E-mail This Article To A Friend  
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Hartford Bio-Energy, LLC recently broke ground on a new 88 million-gallon wet mill corn ethanol facility in Hartford City, Ind. This is the thirteenth new ethanol plant Indiana has secured in the last eighteen months.

The facility will annually produce approximately 88 million gallons of ethanol and 325,000 tons of dried distillers grains, a high quality feed ingredient fed to livestock and poultry. The $200 million, two-phase project will create 40 new permanent jobs when in operation and in excess of 100 construction jobs during the 16 months it will take to complete the project.

Economic development incentives offered by the IEDC include up to $32,000 in training grants for Indiana resident employees, $100,000 in infrastructure assistance to the local community and up to $1.4 million in tax credits based on anticipated employment and capital investment levels.

“Hartford Bio-Energy would like to thank the IEDC, Blackford County, and Hartford City for all their efforts in putting an incentive package together,” said Terry O’Malley, Hartford Bio-Energy CEO. “It is very exciting to be in the business of producing a renewable fuel that is both environmentally friendly, cost effective, and that will cut America’s dependence on foreign oil.”

Co-Alliance, a partnership of the Midland, Impact, LaPorte and Frontier cooperatives, will originate 35 million bushel of grain for the Hartford Bio-Energy facility. Also contributing to Indiana’s Altra Plant, Co-Alliance is a proud contributor and supporter in the state’s efforts to be a nationwide leader in ethanol production.

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