Cargill to invest $200M in corn-ethanol plant's expansion

03/15/2012 | Reuters

Cargill is moving forward with plans to increase its corn-ethanol production capacity despite a slowdown in demand for the biofuel, said Alan Willits, president of Cargill Corn Milling. The company is on course to invest $200 million to retrofit and expand a corn-ethanol plant in Fort Dodge, Iowa, which will open by the fourth quarter of 2013, Willits said. "Biofuels have an important role to play as a fuel source in North America. We want to be a part of that whether it's serving our farm customers or our food customers."

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