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Official says Jamestownarea ethanol plant stalled

Official says Jamestown-area ethanol plant stalled Eds: APNewsNow.

JAMESTOWN, N.D. (AP) A Jamestown business leader says plans for a nearby ethanol plant have been scrapped and the city-county development corporation is getting its money back.

Connie Ova is the chief executive officer of the Jamestown-Stutsman Development Corp. She says developer Harold Newman was given a deadline of June 1 to start construction on the $100 million gallon ethanol plant in the Spiritwood Energy Park.

Ova says changes in the ethanol industry hurt its chances.

The Jamestown-Stutsman Development Corp., committed $6 million to the project. Ova says the corporation will get its money back with interest. She says it has purchased the land from the Newman Group.

Harold Newman could not be reached for comment.

The land could be sold to the Great River Energy company, which is building a coal-fired electric plant. It plans to supply excess steam for heat to a nearby malting plant.

Information from: KFGO-AM, http://kfgo.com (Copyright 2009 by The Associated Press. All Rights Reserved.) APNP 06-09-09 2019CDT | save this article / add to your favorites list
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