Indiana to build giant biodiesel plant

| 3/9/2006

Northern Indiana will soon be home to what Gov. Mitch Daniels’ office is calling “the world’s largest biodiesel plant.”

The plant will be owned and operated by a foreign company. French company Louis Dreyfus Agriculture Industries LLC is expected to begin construction on the $135 million facility near Claypool, IN, this spring, according to a press release.

According to the Indiana State Department of Agriculture, Indiana is the fifth-largest corn producing state and the fourth-largest soybean producing state in the U.S. Daniels said in a press release that the new biodiesel plant could play a key role in Indiana’s “economic comeback.”

When complete, the plant is expected to produce about 80 million gallons of biodiesel a year from soybean crops harvested within the state. Daniels said Indiana’s goal is to produce a combined 1 billion gallons of ethanol and biodiesel annually.

Louis Dreyfus has reached an agreement with the Indiana Economic Development Corporation and the Department of Agriculture to build the project in two phases.

The first phase will be a 50 million bushel-per-year soybean processing plant, and the second phase will be the actual biodiesel production facility.