From today's Fayetteville Observer
A Seattle company called E85 Inc. plans to build a plant north of Fayetteville that will produce 100 million gallons of ethanol each year.
The $200 million plant would be the company’s first and its flagship. E85 wants to build nine others across the country and use as much locally grown corn as possible.
There are plenty of incentives on the table. This could be the start of something big. More below the fold....
According to the article, written by Fayetteville Observer staff writer Andrew Barksdale, Cumberland County Commisioners have been asked to put up $875,000 in incentives towards buying the land just north of Fayetteville. There are also state incentives on the table as well - a total of about $1.5 million. The deal was put together by Phyllis Owens, who is an executive VP with the Cumberland Co. Business Council. It is expected that the plant will employ 40-50 people and have about a $2 million payroll.
Back in August, plans for a smaller ethanol plant were announced for neighboring Hoke County. When asked about this,
Mark Dassel, senior vice president and director for E85, said he was not worried that a competitor, Clean Burn Fuels, has proposed a smaller ethanol plant in neighboring Hoke County. He called the competition and production of ethanol good for America.
“We can’t do it all,” Dassel said, speaking via telephone from Seattle. “The market potential is immense.”
A representative of Clean Burn Fuels could not be reached for comment Thursday.
Dassel said a byproduct in ethanol production is animal feed, which will be sold to the state’s thriving poultry and swine industries. That was one reason E85 chose North Carolina, he said.
Here in Southern Pines, we have one of the first ethanol stations in the state. They offer E85, which is 85% ethanol and 15% gasoline, and E10, which 10% ethanol and 90% gasoline. Most cars on the road today can use E10, and many can be equipped for E85. Alot of newer model cars are already equipped for E85. I know for sure a lot of Fords can be purchased that way - because the Ethanol Station is conveniently owned by the Ford Dealer across the street. Cross Market much?