SIOUX FALLS, S.D. -- The Broin Companies will construct their company's 30th ethanol production facility near Fostoria, Ohio.

The Northern Ohio community of Fostoria is located in Seneca County 40 miles southeast of Toledo. Fostoria Ethanol, a $130 million production facility, will be located approximately 1.5 miles northeast of Fostoria on Highway 12 and Yokum Road.

At 65 million gallons of ethanol per year (MGPY), Fostoria Ethanol will consume 21 million bushels of locally grown corn and produce 178,000 tons of premium Dakota Gold Enhanced Nutrition Distillers Products(TM). Ethanol marketing for the facility will be provided by Ethanol Products and byproducts will be marketed by Dakota Gold Marketing, both subsidiaries of Broin Companies.

Broin Companies expects to start construction in the next 30-60 days with a construction time period of 12-14 months. Broin has worked closely with State, Seneca, Wood and Hancock County Officials along with representatives from Jackson and Louden Townships and most notably the city of Fostoria and the Fostoria Economic Development Corporation on the project and the groups will continue to work together as the project moves forward.

"We selected Fostoria because the site met our rigorous selection criteria and we developed an excellent working relationship with area officials and the economic development corporation," said Jeff Broin, president and CEO of the Broin Companies. "I can't think of a better site than Fostoria for our company's 30th ethanol plant, and we look forward to being a contributing member of the local business community."

Fostoria Ethanol will be the 30th ethanol production facility built by the Broin Companies, who will provide turnkey development, design, engineering, construction, management and marketing services for the project.

Fostoria is the second of what could be up to four ethanol production facilities in Ohio. Summit Ethanol near Leipsic, Ohio is scheduled for completion later this year, and Broin Companies is evaluating other sites in the state.

Broin, the largest dry mill ethanol producer in the United States, is an established leader in the bio-refining industry through project development, design and construction, research and development, plant management, and marketing. The 20-year old company currently operates 19 plants in the United States while marketing more than one billion gallons of ethanol annually.

SOURCE: Broin Companies via PR Newswire.