Greenfield Project Latest in ICM’s Global Expansion into South America and Abroad
(Colwich, Kan. – August 2, 2012) - ICM, Inc. is pleased to announce that it has signed a contract with ACA Bio Cooperative Limitada (ACA Bio), to design a dry-mill corn ethanol plant with a 40 MGY production capacity, located near the city of Villa Maria, in the central province of Cordoba, Argentina. Completion of the facility is estimated for the first quarter of 2014. This project will enable the region to benefit from the alternative use of corn in these production areas, as well as benefit from producing valuable co-products (wet distillers grains [WDGs] and dry distillers grains [DDGs]) in a country with robust feedlot and dairy industries. The ethanol production capacity for ACA Bio will focus primarily on the country’s domestic markets.
Last year, the government of Argentina announced that it had assigned an ethanol supply quota equal to 125 million liters per year to ACA Bio. According to a July 6, 2012 report published by the Global Agricultural Information Network (GAIN) of the United States Department of Agriculture (USDA) Foreign Agricultural Service, bioethanol production in Argentina for 2013 is projected to be at a record 400 million liters. In addition, the USDA GAIN reported that the Argentine biofuels sector continues to expand as a result of its strong competitiveness. The vast supply of feedstocks, the existing processing infrastructure, and policies continue to encourage large investment in both bioethanol and biodiesel plants.
ICM President Chris Mitchell said, "We’re thrilled to announce our latest global expansion project into Argentina, and we look forward to continued collaboration with ACA Bio to support the economic growth of the region by providing our process technologies and services to advance renewable energy."
"As the process design and technology company that has provided engineering, construction and operational services for 102 ethanol plants in North America, ICM is excited to expand into South America. We value the opportunity to collaborate with ACA Bio, and continue to expand our global business strategy in the Americas and beyond. ACA Bio’s strong farmer cooperative and leadership will promote the use of grains to increase ethanol production capacity in Argentina, and we look forward to supporting biofuels production and sustainable development in this region," added Kevin Endres, ICM Director of International Business Development.
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About ICM, Inc.:
Established in 1995 and headquartered in Colwich, Kan., ICM, Inc., provides innovative technologies, solutions, and services to sustain agriculture and advance renewable energy, including food and feed technologies that will increase the supply of world protein. By providing proprietary process technology to 102 facilities with a combined production capacity of approximately 7 billion gallons of annual ethanol production, ICM has become a world leader in biorefining technology. The full-service provider also offers a comprehensive line of more than 100 products and services tailored to make biofuels production more efficient and more profitable. ICM is further upholding its responsibility as an industry leader by heavily investing in the continued advancement of renewable energy technologies. In an effort to speed that advance, ICM has been conducting research and testing at its state-of-the-art research facility in St. Joseph, MO, in conjunction with a growing list of strategic partners spanning multiple industries. For more information, please visit icminc.com.
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Monique Garcia, ICM, Inc.
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