Thursday, Aug 25, 2016
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Ohio OKs 7-year tax credit for ethanol plant in Fostoria

Fostoria Ethanol LLC received a 50 percent, seven-year tax credit from the state yesterday as part of a $130 million project to open an ethanol plant in Fostoria.

The facility, which is to employ 41 and make 60 million gallons a year, joins four other ethanol plants in northwest Ohio and southeast Michigan in various stages of development.

The most advanced locally, Great Lakes Ethanol LLC s 50-million-gallon plant near Blissfield, Mich., began production last week.

Two northwest Ohio plants, Greater Ohio Ethanol of Lima and Summitt Ethanol LLC of Leipsic, are under construction. NexGen Biofuels Inc. has filed permits for a 100-million-gallon plant in Port Clinton.

Several other proposals are under discussion for northwest Ohio, which has good access to railroads and to ethanol s most common raw material, said Tadd Nicholson, director of programs for the Ohio Corn Growers Association.

There s a lot of corn grown in northwest Ohio, he said. That s our largest corn-growing area.

Fostoria Ethanol is a subsidiary of Broin Cos., which is building the Leipsic plant.

The Sioux Falls, S.D., firm has designed and constructed 22 operating ethanol plants, and it has nine under construction.

Wages at the Fostoria plant will be $14.15 an hour on average. The company also has considered Indiana and Michigan, according to the Ohio Department of Development.

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