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Cooperative plans to build producer-controlled biodiesel facility in Missouri.

January 19, 2007

1 Min Read

American Energy Producers, Inc. plans to build a unique combination soybean oil crush and biodiesel facility at a site north of Carrollton, Mo.

The new-generation cooperative plans to process approximately 35 million bushels of soybeans into soybean meal and soybean oil annually at its state-of-the-art facility. The soybean oil will then be refined into approximately 50 million gallons of ASTM D6751 biodiesel.

This anticipated business plan gives the facility more control of the oil feedstock costs and availability, says Joanne Godfrey, project coordinator, American Energy Producers.

American Energy Producers also plans to be 100% producer owned. This project offers producers the opportunity to invest in a facility which will rely not only on the sale of biodiesel but also from the sale of the expected 780,000 tons of soybean meal that will be produced each year, Godfrey says.

American Energy Producers, Inc. launched its equity drive on Dec. 7, 2006, and is offering this opportunity to agricultural producers. For more information, go to www.aepi.ws or call (660) 542-3200.

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