While awaiting the final vote by Sumner County Commissioners regarding his proposed site in Sumner County, Greg Northrup is keeping busy in Nevada, Iowa.
It was announced today by VERBIO North America Corporation (VNA), the U.S. subsidiary of leading German bioenergy producer VERBIO Vereinigte BioEnergie AG (VERBIO), that they have completed the purchase of DuPont’s Nevada, Iowa-based cellulosic ethanol plant and a portion of its corn stover inventory.
Consistent with earlier statements, Greg Northrup, President of VNA, indicated the company will now finalize its plans to install facilities to produce renewable natural gas (RNG) made from corn stover and other cellulosic crop residues at the site. Phase I construction will begin as soon as all appropriate permits have been obtained.
On Friday, November 16, 2108, the Iowa Economic Development Authority (IEDA) announced its approval of the company’s application for the High Quality Jobs Program in support of their plans for creating new jobs. Northrup said, “We expect to create 44 full time direct jobs at the plant and another 100+ indirect jobs in the local supply and value chain.” A strong partnership with the IEDA was a critical factor in the company’s decision to redevelop the site.
Over the coming months the company looks forward to working with local growers, vendors and city of Nevada officials.
About VERBIO Vereinigte BioEnergie AG
VERBIO Vereinigte BioEnergie AG (VERBIO), with headquarters in Leipzig, Germany, is one of the leading independent producers and suppliers of biofuels, and is also the only large-scale producer of biodiesel, ethanol and renewable natural gas (RNG) in Europe. The company produces its highly efficient fuels using internally generated, energy efficient production processes and innovative technologies. VERBIO’s biofuels achieve CO2 reductions of up to 90 percent compared to gasoline or diesel. VERBIO delivers its products directly to European oil companies, oil trading companies, independent filling stations, freight forwarders, municipal utilities and vehicle fleets. In addition, VERBIO markets high-quality pharmaceutical glycerin for the consumer goods and cosmetics industry as well as animal feed and fertilizer, byproducts of bioethanol and RNG production. VERBIO is a management holding company and the operative business is conducted by subsidiaries in Germany, Poland, the United States and India. VERBIO shares (ISIN DE000A0JL9W6/WKN A0JL9W) have been listed in the prime standard segment of the German Frankfurt Stock Exchange since October 2006. More information can be found at www.verbio.de/en/.
About VERBIO North America Corporation
VERBIO North America Corporation (VNA), with headquarters in Grand Rapids, Michigan, is developing and will own, operate and finance multiple RNG plants in the United States using VERBIO technology and financing. RNG produced by VNA will be injected into the natural gas transmission system and sold to CNG filling stations or fleets for use as transportation fuel. More information can be found at www.vnacorp.com.