Lake Area Corn Processors, LLC Plans to Expand Its Production Capacity
December 05, 2017 at 08:20 pm
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Lake Area Corn Processors, LLC is moving forward with plans to expand its production capacity to approximately 90 million gallons of ethanol per year. The cost of the expansion is expected to be approximately $33 million. The company is in the process of performing engineering and working with its lender to prepare a financing package for the expansion project. The company anticipates commencing the project in December 2017 and anticipates that the expansion will be complete during the company's second quarter of 2019. On November 30, 2017, the company entered into a design-build agreement related to the expansion project with Nelson Engineering Co.
Lake Area Corn Processors, LLC owns and manages an ethanol plant that has a nameplate production capacity of 100 million gallons of ethanol per year through its wholly owned subsidiary Dakota Ethanol, L.L.C. The Companyâs segments include Production and Ethanol Producing Equity Method Investments. The Production segment includes the manufacture and marketing of fuel-grade ethanol and co-products of the ethanol production process. The Ethanol Producing Equity Method Investments segment consists of the aggregation of the Company's two equity method operating segments of investment in Guardian Hankinson, LLC, and investment in Ring-neck Energy & Feed, LLC. Fuel grade ethanol is its primary product. The Company also sells distillers grains and corn oil, the principal co-products of the ethanol production process. The ethanol plant produces at a rates more than 98 million gallons of ethanol per year.
LAKE AREA CORN PROCESSORS, LLC 
