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Solazyme, Inc. Message Board

  • politicalcapitalspent politicalcapitalspent Feb 25, 2013 1:25 PM Flag

    Is this related to SZYM? Iowa Grant to a revitalize a shuttered biodiesel plant

    American Natural owner Mark Schuett recently acquired the former Maple River Energy plant in Galva, according to IEDA documents. The facility will be retrofitted for two new products.

    The new plant, expected to open later this summer, also will extract and refine algal oil through a partnership with one of the world's leading algae oil producers, according to the IEDA.

    I only know of 1 "leading producer of algal oil"

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    • I would like to believe they are working with SZYM, however, could it be DSM? They seem to have had grand ambitions for their Martek acquisition.

      Sentiment: Strong Buy

      • 1 Reply to csr1223
      • I guess anything's possible. But is DSM even in that part of the world? They only appear to have 1 facility in Ames, IA. I would even dare to say that I don't believe DSM is at that level of seeking a small facility w/ limited feedstock available. Soy & glycerin is basically all you got there.... Why would DSM make a start there?

    • Thought you'd like to know, PCS, that there is at least 1 employee with a connection to American Natural Soy. Odd coincidence for 2 small companies (~20 for American Natural per Manta profile & ~200 for SZYM). Seemingly loose connection though - former employee.

      • 1 Reply to kqforever
      • old article from 2007 - interesting topics to consider - soy crushing capability, 500,000 gallons of glycerin, animal feed, etc.

        URBANDALE, Iowa — The construction of a new 5 million gallon biodiesel plant and soybean crush facility in northwestern Iowa will benefit soybean producers by creating another unique niche market, according to the state’s top soybean officials.

        “This project is extra special to soybean farmers because it is adding soybean processing capacity to the state, and that gives farmers another market for their soybeans,” said Curt Sindergard, Iowa Soybean Assoc. president-elect and a Rolfe-area soybean farmer. “This plant will not only produce fuel but also high-quality protein feed for livestock.”

        Located in Galva, Maple River Energy, LCC, which broke ground at a July 18 ceremony, was designed to produce 5 million gallons of biodiesel annually. The $20 million project will produce about 75,000 tons of soybean meal annually, with the soybean oil producing approximately 3.5 million gallons of biodiesel.

        The Ida County facility will crush 3 million bushels of soybeans into meal and oil, converting the oil into 5 million gallons of biodiesel and 500,000 gallons of glycerin to be produced and marketed each year.

        “We believe it’s a good idea to utilize our products in our own markets,” said Delayne Johnson, who manages the Galva Holstein Ag, LLC, and will become Maple River’s general manager. “With this flexible system, we can process soybeans that we already have and use, and do it on site.

        “Currently, we transport soybeans 60 miles for crushing, which incurs handling, trucking and fuel costs,” he said. “Instead of trucking soybeans out and then back in, we’re constructing and establishing our own value-added stream locally.”

        Monte Shaw, executive director for the Iowa Renewable Fuels Assoc., said when practical, corn feedstocks would be used to meet the biodiesel annual production capacity. “Maple River Energy is a unique, locally-owned biodiesel refinery,” he said.

        “Maple River will have the advantage of producing its own biodiesel feedstock at the soybean crush facility. It will then be marketing soybean meal in addition to biodiesel and glycerin.”

        Randy Olson, executive director of the newly-formed Iowa Biodiesel Board, said Maple River is another example of Iowa’s leadership in biodiesel. “(Its) investors are on the front line of a movement to reduce our dependence on imported Middle East crude oil while increasing our dependence on Midwestern farmers,” Olson said.

        By having a crush facility, Johnson said the facility gives Iowa a competitive edge as feedstock oil prices increase.

        “We’re buying soybeans from farmers and making our own oil, instead of having to buy oil from another facility at market prices,” he said.

        This past March, Maple River began an equity drive which raised $10 million for the project. It began as a value-added endeavor of Galva Holstein Ag., with a feasibility study and business plan completed, with a separate board of directors in place.

        “Maple River Energy differs from other renewable fuels projects in the state,” Johnson said. “We plan to take soybeans right out of the field, crush them at our facility, produce our own oil, then manufacture and blend biodiesel on-site. The finished product is intended to be distributed locally to our customer base.

        “We are delighted with the response our equity drive received in northwest Iowa. We appreciate each and every one of our 231 Iowa shareholders who came forward to support this local project.”

        The Maple River business model will focus on local inputs and markets, Johnson added. “As proposed, we will not be dependent upon outside oil sources – we will manage our plant without oil contracts and will not incur railroad or other transportation related delays in the process,” he said.

        “We have millions of bushels of soybeans right here in our backyard. This is a great way to use our own value-added products, improve farmer profitability and spur economic development in northwest Iowa,” he said.

        As a result, Johnson said the project would create about 15 jobs in the fall of 2008. “We are proud to be a part in creating a legacy for future generations of soybean farmers in our area,” he said.

        “Renewable fuels are here to stay, and we are excited about this project and all that it means for our children and grandchildren.”
        Mark Reisinger, USDA Rural Development’s state director, said Maple River’s relationship with American National Bank, which provided a $10 million loan guarantee for the plant, will further position Iowa as the nation’s renewable energy leader. “With an ethanol plant located adjacent to the Maple River Energy site and many large wind turbines in the surrounding area,” he said, “Galva is a tremendous example of an area utilizing multiple sources of renewable energy production.”

        Maple River is slated to be at full-time production by summer 2008.

        This farm news was published in the Aug. 22, 2007 issue of Farm World, serving Indiana, Ohio, Illinois, Kentucky, Michigan and Tennessee.

    • Nice posts. Time to start digging away on this. As with Brazil, best to keep an eye on excess capacity/idle plants.

    • The biodiesel plant, which opened in 2008, closed less than two years later from financial troubles tied to the expiration of a federal tax credit for the soy-based fuel.

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