ACE congratulates Golden Grain Energy for founding the "Billion Gallon Club" in Iowa
Posted on 02/16/2015
ACE salutes Golden Grain Energy for reaching a production milestone.
Sioux Falls, SD (February 16, 2015) – The American Coalition for Ethanol (ACE) is applauding it’s member Golden Grain Energy, LLC of Mason City, Iowa for producing the plant’s billionth gallon of ethanol this month.
“In response to depressed corn prices and economic adversity, more than 900 farmers and citizens invested their trust and hard-earned money in Golden Grain Energy,” said Brian Jennings, Executive Vice President of the American Coalition for Ethanol. “Ten years later, not only has Golden Grain Energy become the first locally-owned plant in Iowa to produce one billion gallons of ethanol, it has also paid out more than $2 billion dollars to corn farmers, suppliers and service providers, and employees, and returned nearly $137 million dollars to its investors, succeeding in its primary mission to strengthen local communities.”
“ACE congratulates the investors, Board of Directors, and management of Golden Grain Energy for their pioneering spirit, their efficiency and productivity accomplishments, and for helping make the U.S. ethanol industry the most important renewable energy platform in the world.”