60mmgy biodiesel plant placed on hold in Quincy

Building costs; Commodity prices cited as reason for "reluctance to step forward now."
from the Quincy Herald-Whig
By RODNEY HART Herald-Whig Staff Writer


Plans for a 60-million gallon biodiesel plant in Quincy have been put on hold.
America's Renewable Energy LLC, a division of Iowa-based Ewing Land Development and Services, announced plans 13 months ago to build a $77 million biodiesel plant in the south Quincy bottoms. It received a permit in July from the Illinois Environmental Protection Agency to proceed.

But Jim Mentesti, president of the Great River Economic Development Foundation, said America's Renewable Energy is reluctant to step forward on the project right now.

Mentesti said construction costs, high corn prices and fluctuations in the agricultural market contributed to the decision. America's Renewable Energy continues to study the project and decide what to do and when to do it, Mentesti said.

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