(Colwich, Kan. – May 21, 2018) – ELEMENT, LLC,a biofuels producer leading the way for technology innovation and efficiency, announces that it held a ceremonial groundbreaking today at 3:30 p.m. of its $175 million dollar facility in Colwich. This facility will create hundreds of jobs along with a new market for local corn producers. Members of ELEMENT management as well as local government officials and businesses were in attendance.
The multimillion dollar project is expected to utilize more than 300,000 construction man-hours and create approximately 200 direct and indirect jobs. ELEMENT will also provide an economic boost to the agriculture community by purchasing more than 22 million bushels of grain annually. The additional demand in grain is expected to generate millions of dollars in revenue for local corn producers.
ELEMENT is a collaboration between ICM Holdings, headquartered in Colwich, and The Andersons, Inc., a publicly- traded company based in Maumee, Ohio. ELEMENT has the potential to produce the most efficient and cleanest renewable ethanol in the United States by combining ICM’s next-generation technologies and The Andersons’ merchandising, risk management and logistics expertise. This facility will also create high-value cellulosic ethanol and higher-value co-products, such as animal feed and corn oil.
“When ICM designed and built our first ethanol plant in Russell, Kansas in 2001, it helped set the course for the ethanol industry for the following twenty years. ELEMENT will create a new standard for operational efficiency and clean ethanol in the industry. We have a great partner, the right technologies, and tremendously talented people who will help us achieve this,” said ICM CEO Dave VanderGriend.
Chris Mitchell, ICM President, added “ELEMENT is excited to build this technologically advanced facility adjacent to our world headquarters. We appreciate the support of the City of Colwich, Sedgwick County, the State of Kansas, and local businesses and we are eager to continue building on these strong relationships.”
About ICM, Inc.
Established in 1995 and headquartered in Colwich, Kan., with a regional office in Brazil, ICM provides innovative technologies, solutions, and services to sustain agriculture and to advance renewable energy, including ethanol and feed technologies that will increase the supply of world protein. By providing proprietary process technologies to over 100 facilities globally with a combined production capacity of approximately 8.8 billion gallons of annual ethanol production and 25 million tons of annual distillers grains, ICM has become a world leader in bio-refining technologies. For additional information, please visit www.icminc.com.
About The Andersons, Inc.
Founded in Maumee, Ohio, in 1947, The Andersons is a diversified company rooted in agriculture, conducting business across North America in the grain, ethanol, plant nutrient and rail sectors. The Andersons Ethanol Group operates ethanol plants in Albion, Mich.; Clymers, Ind.; Greenville, Ohio; and Denison, Iowa. The four plants combined are capable of producing over 475 million gallons of ethanol annually. For additional information, please visit www.andersonsinc.com