Greenyug To Build Ethyl Acetate Manufacturing Facility In Columbus, Nebraska
According to company officials, Greenyug formed a subsidiary, Prairie Catalytic, LLC, that will own and operate the facility. Prairie Catalytic has recently executed a Conditional Commitment with the United States Department of Agriculture Rural Development for a loan guarantee under its Business & Industry Loan Guarantee program. This facility will position it as a renewable supplier of Ethyl Acetate.
ADM’s corn wet mill in Columbus will supply the project with bioethanol feedstock and other services. Construction of the facility is anticipated to start in late 2016 with production set to begin about a year later.
"At Greenyug, we see bioethanol as an excellent feedstock to produce value added bio-based chemicals such as Ethyl Acetate. Securing a reliable and efficient source of quality raw materials is one of the final steps in scaling Greenyug’s patented Ethyl Acetate technology. We are excited to locate our facility next to ADM’s world-class corn processing plant." said Sagar B. Gadewar, Ph.D., Greenyug’s President/CEO. "We look forward to the Prairie Catalytic plant satisfying market demand for renewable specialty chemicals manufactured in a sustainable, environmentally sound, and cost-competitive manner.”
“Agreements like this help us maximize the utilization of our corn processing assets and allow us to deliver greater value for our shareholders,” said Paul Woolard, Director of commercial development for ADM. “We are excited to work with partners like Prairie Catalytic to bring new innovations like biobased ethyl acetate to the market.”
“We are excited that Greenyug, LLC. has chosen Columbus, Nebraska, as the site of its next manufacturing plant,” said Governor Pete Ricketts. “Their substantial investment and the many high-paying, quality jobs will have a major positive impact on the community, along with their decision to locate next to Archer Daniels Midland Company’s Columbus facilities which could pave the way for a potential value-added campus in the future.”
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