The Business

Plymouth Energy, LLC (PE) was established in 2005 in order to design, build, own and operate an ethanol plant in Plymouth County. PE was founded by five businessmen with deep roots in western Iowa, who wanted to build an agricultural related business to enhance the area economy and support the farming community. Since the company's founding, they have researched the ethanol industry, acquired the land option, engaged a project management company, completed preliminary layout completed the air permit application, received a EPC contract for design and construction, preordered stainless steel, interviewed marketing companies and discussed marketing agreements with other producers. Together, the owners have invested significant cash and sweat equity in PE and developed the structure to offer investment opportunity and ownership to residents in the area.

Located in Merrill, Iowa, PE is 20 miles northeast of Sioux City in the heart of some of the Corn Belt's most productive corn producing land. The site is 57 acres on the north side of Merrill and adjacent to the BNSF mainline railroad, was purchased by the founders with the intent to develop both a nameplate 50 million gallons of undenatured ethanol per year (mgy) ethanol plant with the capability to expand it to 100mgy if the economics dictate.

Operating from its location in western Iowa, the plant will be well positioned to serve local markets as well as current and anticipated markets in the western and southwestern United States. With high energy and fuel prices and an increasing demand for ethanol as a fuel additive and extender, an attractive opportunity exists for well conceived and designed ethanol projects to become a part of this country's energy mix.

The plan, which calls for a nameplate 50mgy undenatured ethanol plant will also produce approximately 175,000 tons (at 11%M.) of wet (WDG) and dried distillers grains (DDGS) for sale to livestock and feedlot operations in the local market area and for rail shipment to markets throughout the country. When operating at full capacity, ethanol and DDGS will be produced from approximately 18.5 million bushels of corn feedstock, most of which will be grown within 60 miles of the ethanol plant.

In order to ensure success of this project, PE will leverage outside expertise throughout the development and construction of the plant. PE has engaged Production Ag Alliances of Minnesota to oversee the planning and equity drive, attorney Wade Schut of Nyemaster, Goode, West, Hansell & O'Brien, P.C. to prepare the offering, NRG of Minneapolis to secure the air permit, and has firm EPC contract from Agra-Industries of Merrill, Wisconsin which will be utilizing Delta-T technology for plant design and technology.