A South Dakota-based company is announcing plans to build an ethanol plant near the southwest Iowa town of Corning. Jeff Broin is chief executive officer of Broin Companies, of Sioux Falls. Broin says the new factory in Adams County will be called Pinnacle Ethanol.
Construction is beginning on the plant that will produce 16-million gallons a year and that will use about 21-million bushels of local corn a year. Broin says the formal groundbreaking will take place next month.
It will create 40 jobs with a payroll of about one-point-eight million dollars. Broin says they have carved out a niche in the area of producing ethanol — the conversion of corn into a renewable, cleaner-burning fuel.
The company specializes in the development, design, construction, management and marketing of ethanol plants across the Midwest and already has 22 in operation, 16 under one management group. Broin has several other Iowa facilities including in or near: Jewell, Gowrie, Emmetsburg, Ashton and Hanlontown.