Perdue BioEnergy To Supply Corn To Bionol Clearfield Ethanol Plant

Bionol Clearfield, LLC and Perdue BioEnergy, a wholly owned subsidiary of Perdue AgriBusiness Incorporated, have entered into an agreement to have Perdue supply feedstock and sell co-products for Bionol's 110 million gallon per year ethanol plant in Clearfield, Pennsylvania.

Under the terms of the agreement, Perdue BioEnergy will supply approximately 40 million bushels of corn as feedstock for the Clearfield plant. Perdue plans to purchase as much corn as possible from area farmers and bring the remainder from Midwest rail locations. In addition, Perdue will market and sell the 385,000 tons of the distillers grains, a co-product of ethanol production, as a feed ingredient to area feed mills serving Pennsylvania dairy, turkey and chicken operations as well as to international markets.

Bionol's parent company, BioEnergy International, LLC invested more than $200 million in plant and infrastructure to construct the first commercial-scale ethanol plant in Pennsylvania which began production in December 2009. "We are pleased to be working with Perdue and its vast resources," said Stephen J. Gatto, Chairman and Chief Executive Officer of BioEnergy International. "Perdue's ability to capitalize on home-grown corn and to market the distillers grains locally will continue to maximize the competitiveness of this important destination ethanol plant."

"Bionol and Perdue AgriBusiness working together is an excellent fit," said Dick Willey, President of Perdue AgriBusiness. "We share a commitment to farmers and agriculture in Pennsylvania and are pleased to support the PennSecurity Fuels Initiative."

Source : Press Release

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