MARCUS - Ethanol has added much to the local economy and there is more to come.
Presently, the Little Sioux Corn Processors is in the middle of adding to its facility by building two cement silos which will each hold 500,000 bushels of shelled corn. This additional one million bushel storage capacity will provide enough corn for 10 days of making ethanol.
According to Manager Steve Roe, the addition will boost the plant's capacity to 92 million gallons of ethanol a year, a substantial increase from the present capacity of 52 million.
The grain silos measure 150 feet high, and are 75 feet across. The original silos stand 110 feet high. Management is hoping to have the concrete silos all poured by Oct. 27th. The new project is expected to be completed by May, 2007. It will take that long to get all the required equipment situated inside, according to Roe.
The original cost investment for the LSCP plant was $52 million. Today a 50 million gallon plant being built would cost right at a million dollars. This latest grain storage project is costing right at $6.2 million. Stainless steel and cement have risen dramatically in price.
Investors in the LSCP are quite happy as it was a wise decision to erect an ethanol plant here to add to the local economy. Right now, corn is up 50 cents a bushel after having been low for some time.
The plant, located between Marcus and Cleghorn, employs 35, and when the addition is completed, eight to 10 more employees will be added, most of whom live within a 40 mile radius of the plant. The LSCP operates 24 hours a day, seven days a week.