Three Rivers Energy, LLC hosted a ribbon cutting event and open house to mark the one-year anniversary of resuming production at its Coshocton, Ohio, ethanol plant. Local and national officials were on hand to discuss the importance of home-grown biofuels to U.S. energy independence and the role of the Coshocton facility in contributing to local economic development.
“Since its inception, the ethanol industry has had a profoundly positive impact on the U.S. economy,” said Jim Galvin, CEO of Lakeview Energy. “Ethanol is helping America reduce its dependence on foreign oil, lowering prices at the pump, improving the environment with lower emissions and growing the economy with jobs that can't be outsourced.”
According to Growth Energy, in 2013 ethanol production contributed more than $44 billion to the Gross Domestic Product and generated more than $4.5 billion in federal tax revenues. And, last year alone, the ethanol industry created and supported nearly 400,000 new jobs across the country1.
In April of 2014, Three Rivers Energy announced their partnership as a member of Growth Energy. “Three Rivers is an outstanding facility, a leader in ethanol production and a strong voice for the industry,” said Tom Buis, Growth Energy CEO. “We are pleased they have decided to join in the efforts of Growth Energy. Their membership strengthens our ability to represent the industry across the nation and to educate the public on the benefits of homegrown, renewable fuels.”
Last year, Syngenta announced a commercial agreement with Three Rivers Energy to use grain featuring Enogentrait technology following the 2014 corn harvest, enabling the plant to purchase alpha amylase enzyme in the form of high quality grain directly from local farmers, increase ethanol yield and throughput, and decrease costs associated with natural gas, electricity, water and chemical usage.
“This is an exciting opportunity to add value to our Three Rivers facility and to the local Coshocton community,” Galvin added. “After seeing the rapid success Plymouth Energy had contracting Enogen corn acres with area farmers last year, we wanted to explore the opportunity to work with our local farmers in Coshocton to supply Enogen grain for the Three Rivers ethanol plant. We like that we can purchase our alpha amylase in the form of high quality grain directly from farmers here in our community.”
Three Rivers Energy is currently recruiting growers to produce Enogen corn. Growers under contract will deliver their Enogen grain to the ethanol plant and will be paid an average premium of 40 cents per bushel.
“We are thrilled to be working with Three Rivers Energy, demonstrating the growing acceptance of Enogen trait technology and the value it is creating for ethanol plants, farmers and local communities,” said David Witherspoon, head of renewable fuels for Syngenta. “We believe Enogen corn will help Three Rivers Energy increase its operational efficiency, provide farmers with additional revenue, and support local economic development.”