Navigate this market better. Subscribe for FREE stock alerts and information.

Thursday, March 31, 2011

Cargill acquires Fort Dodge corn wet mill ethanol facility

Privately held food producer Cargill said it purchased Tate & Lyle's corn wet mill ethanol plant located in Fort Dodge, Iowa. The plant has the capacity to grind 150,000 bushels of corn per day and produce 115 million gallons of ethanol per year. The facility is expected to create over 100 jobs and help provide an alternative market for local producers.

Source