By Matt Reese
The controversy and colorful history of the oft-discussed ethanol plant in Lima may be a thing of the past. Guardian Energy Holdings, LLC, headquartered in Janesville, Minn., purchased a majority stake in the 54-million gallon ethanol production facility and is planning on resuming controversy-free operations soon.
“We’ve been buying grain since the middle of February and we started dumping about the first week of March,” said Tyler Miller, commodity manager for Guardian Lima, LLC. “April 18 is the official opening date. We will have an open house sometime this summer once we are up and running.”
The facility originally began operations in 2008 as Greater Ohio Ethanol, but filed for bankruptcy protection later that year due to numerous operational challenges and adverse financial market conditions. The plant sat idle since November 2008 before it was re-acquired in March 2009.
“We invested about $30 million into reengineering the process deficiencies from the previous ownership.… Continue readingRead More »