Media Releases


THREE 80 MILLION LITRE ETHANOL PLANTS TO BE BUILT

October 10, 2002

Saskatchewan will soon be the number one producer of ethanol in Canada Premier Lorne Calvert said today. He was speaking at the sod-turning for a $55 million ethanol plant to be built near Belle Plaine. Two similar plants will follow in the Tisdale and Melville-Yorkton areas.

"For decades Saskatchewan people have shared a dream that one day our agricultural products will no longer have to be shipped out of the province to be processed," Calvert said. "Today Saskatchewan people have taken another important step toward making our value-added dream the economic reality."

Dwight Johnson of the Broe Companies said the Belle Plaine plant is expected to open in the spring of 2004 and announcements on the other two plants can be expected early in the new year.

"We are investing in Saskatchewan because your government has taken the lead in Canada in the aggressive development of an expanded ethanol industry," Johnson said. "You have the raw materials and sit at the crossroads of the North American marketplace. Together we are going to build a world-class industry."

The Broe Companies will be the majority owner of each of the plants. Broe will have 60 per cent of the equity in the Belle Plaine plant and Crown Investments Corporation (CIC) 40 per cent. Community-based groups are also expected to invest in this plant and the other two plants. That additional investment would decrease CIC's equity and/or debt position.

Calvert said each 80 million litre plant will employ 130 construction workers and up to 35 permanent employees; use 8 million bushels of wheat a year; and produce enough distillers grain to feed 120,000 head of cattle.

"What greater gift could we give our children than to build a renewable energy industry that creates jobs and opportunities today and helps protect our environment for the generations yet to come."

 

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For more information, contact:

 

Karen Schmidt
Crown Investments Corporation
Regina
Phone: (306) 787-5889

 

Bob Ellis
Industry and Resources
Regina
Phone: (306) 787-1691

 

Dwight Johnson
Broe Companies
Regina
Phone: (306) 586-2000