Wilmington-based ethanol-maker gets USDA backing for fuel plant


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Submitted: Wed, 08/22/2012 - 5:12pm
Updated: Wed, 08/22/2012 - 5:15pm
By:

EMERY P. DALESIO
AP Business Writer

RALEIGH, NC (AP) — A company that wants to turn grass grown on North Carolina hog farms into motor fuel is getting the federal backing it wants to build an ethanol plant.

The US Agriculture Department said Wednesday it is giving Wilmington-based Chemtex International Inc. a loan guarantee worth nearly $100 million.

Chemtex plans to build an ethanol plant in Sampson County that will convert high-energy grass varieties into ethanol. The company is signing up hog farms to grow the grasses on spray fields, turning that land into a new cash crop for farmers.

The Agriculture Department says the project will help reduce foreign oil dependence, increase farm income, and create rural jobs. The Chemtex plant is expected to employ about 65 people. Average salaries are projected to be about $50,000 annually.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

8 Comments

  • Boulengerina says:

    Yes, I do. I also remember that Solyndra received a grant (not a loan) from the government. If you read very closely and slowly, you will see that this is a loan. If you actually take the time to do your own research (and quit believing what you’re told), you will find that Chemtex is a very profitable company that is in a position to pay back the loan.

    Do you not think that they will be able to sell their ethanol, or what? This company isn’t researching new production techniques (like Solyndra), but rather is going to produce a viable fuel that can be sold easily in our current fuel market.

    So, yes, I remember Solyndra, but I fail to see any connection here. Apples and oranges.

    “It is better to remain quiet and be thought a fool, than to open one’s mouth and remove all doubt.”

  • Guest22 says:

    Remember Solyndra

  • ChefnSurf says:

    … is because they’re using corn not grasses or algae, etc. Corn is the predominant food product in the American diet whether consumed directly or indirectly though animal feed. Using corn for ethanol is bad for the economy.

    Brazil’s been using sugarcane wastes and flex-fuel cars for years now and it seems to work out pretty good for them.

    If they’re going to continue to produce ethanol, at least it makes more sense to use a more economically viable product like grass or some other product that doesn’t compete directly with our food dollars.

  • B M says:

    What a bunch of hogwash!! Ethanol fuel cost us more to produce, destroy’s our outboards, and get’s 23% less fuel mileage, it has already directly contributed to rising fuel prices and rising grocery prices, this sounds like another fleecing from the left.

  • Boulengerina says:

    You guys keep equating this somehow to Solyndra. I guess you’re right… We shouldn’t even try to create sensible alternative fuels, nor employ the good people of Sampson County with jobs paying an average of $50,000 a year. Since everything is going so well, and we don’t need jobs or fuel, I’ve decided to join your cause! Screw the people in Sampson County, and screw this innovative and profitable company. Who needs it? It’s better that we return to the days of tenant farming and company stores!

    You people make me sick.

  • wooduck says:

    “producing ethanol uses more energy than the resulting fuel generates”. “flush twice, wilmington needs the water”.

  • taxpayer says:

    this will our “Solyndra”…with the same end result.

  • Boulengerina says:

    This will what our Solyndra? Will “be” our Solyndra? Will “not be” our Solyndra?

    Hard to relate with people who can’t type in proper English. It’s also hard to relate with people who don’t see any value in the expansion of a profitable company, exploration into alternative fuels, or putting people to wok in a very poor, rural area.

    You must make your mother proud.

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