July 30, 2007

Canada's IGPC picks Cargill as corn supplier for ethanol plant

Canadian IGPC (Integrated Grain Processors Cooperative) Ethanol Inc. said on July 26 it has selected Cargill as its corn supplier in its commitment to open a 150 million-litre ethanol plant in the Aylmer county in Ontario province during the second half of 2008.

IGPC chairman Tom Cox, chairman said the selection of Cargill was due to its expertise and proximity to the plant.

IGPC's ethanol plant is expected to utilize 15 million bushels of corn annually, or 7 percent of Ontario's average annual corn production. The ethanol facility's corn requirements will be directly supplied by farmers, country elevators and the Cargill Great Lakes and Lakeview Farm Service Groups

Len Penner, president, Cargill Limited said the company would supply 350,000 tonnes of corn annually to IGPC.

IGPC Ethanol Inc is a wholly owned subsidiary of the Integrated Grain Processors Co-operative Inc. The Cooperative was formed by a group of Southwestern Ontario corn producers for the purpose of developing an ethanol plant which would add value to local producers' corn and create jobs and economic growth in Southwestern Ontario. The new operation will be designed to use 15 million bushels of corn annually to produce 150 million litres of fuel-grade ethanol, 120,000 tonnes of dried distillers grains with solubles (DDGS) and approximately 90,000 tonnes of marketable carbon dioxide.

Cargill, which operates grain handling and crop input facilities across Ontario and the Prairies, works in partnership with producers to develop grain-marketing solutions. Headquartered in Winnipeg, Manitoba, Cargill Limited employs over 10,000 people across Canada and has business interests in meat, egg and oilseed processing, animal feed, salt, chocolate, natural gas, crop inputs, as well as grain handling, merchandising and milling.