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October 16, 2006
Integrated Grain Processors Co-operative Closes on Aylmer Property
Aylmer, Ontario.
Aylmer Mayor Paul Baldwin and Integrated Grain Processors Co-operative (IGPC) Chair Tom Cox announced today that IGPC has closed on the purchase of the land in Aylmer on which it will be building its proposed 150 million litre ethanol plant. The 48 acre site is located in Aylmer’s Business Park which ... Click Here to Read More
July 31, 2006
Integrated Grain Processors Co-operative Opens Office in Aylmer
Aylmer, Ontario. Integrated Grain Processors Co-operative (IGPC) has now opened an office in Aylmer as part of the development of its planned 150 million litre ethanol plant. The IGPC office is centrally located in Aylmer at 33 Talbot Street East.
IGPC Chair Tom Cox welcomed the addition of the Aylmer office and extended an invitation to all interested members of the community to drop in and learn more about the project. “We’re pleased to be establishing a home base in Aylmer,” said Cox, “and look forward to broad community participation in our ethanol project.”
The Co-operative will begin holding its weekly Thursday night meetings at its new office on August 10th. Anyone interested in joining IGPC is invited to attend the Thursday meetings from 7:30 – 9:30 P.M.
IGPC plans to build an $87 million ethanol plant in Aylmer, Ontario, capable of producing approximately 150 million litres of denatured fuel-grade ethanol annually. The proposed plant will also produce approximately 120,000 tonnes of Dried Distillers Grains with Solubles (DDGS) annually. Approximately 90,000 tonnes of CO2 will be produced annually by the plant.
The plant will utilize some 14.5 million bushels of corn annually, representing around seven per cent of Ontario’s average corn production. It is estimated that the additional corn consumed by the plant could increase the local basis for corn by up to $0.10 per bushel. The plant will create 35 jobs directly, as well as additional spin-off jobs.
IGPC has raised nearly $25 million in equity to date from Southern Ontario farmers and community members. The Co-operative has a conditional purchase agreement with the Town of Aylmer for a 48 acre site in the Aylmer Business Park. The site is appropriately zoned for an ethanol plant and the Co-operative is currently seeking to obtain all of permits necessary for air and noise emissions and other regulatory approvals.
Project construction is anticipated to begin by Fall of 2006, once IGPC finalizes its financing. Construction of the plant will be completed within approximately 12-14 months.
New Aylmer Office Contacts
33 Talbot Street East, Aylmer, Ontario.
MAILING: P.O. BOX 205 Aylmer, Ontario N5H 2R9
TEL: 519 765-2575 or 1-866-211-0435
info [snail] igpc [period] ca -> mailto:info [snail] igpc [period] ca
June 15, 2006
Ontario Ethanol Growth Fund Gives Integrated Grain Processors Co-operative Big Boost
Aylmer, Ontario. Today’s announcement by Ontario of $14 million in capital funding to Integrated Grain Processors Co-operative has given the proposed $87 million Aylmer, Ontario ethanol plant the decisive piece required to finalize its overall financing package. The announcement of the Ontario Ethanol Growth Fund (OEGF) capital grant by the Honourable Leona Dombrowsky, Minister of Agriculture, Food and Rural Affairs was greeted enthusiastically by members of IGPC and the Aylmer community who gathered at the farm of local dairy producer and ethanol supporter, John Walker.
Dombrowsky also announced that IGPC would be receiving operating grants under the OEGF program. These operating grants, which could provide the Co-operative with annual support of up to $0.11 per litre, are designed to offset possible adverse fluctuations in the commodity prices of corn, oil, and ethanol.
IGPC Chair Tom Cox thanked Dombrowsky for the OEGF grants and underscored the significance of the provincial support. “Ontario’s investment of $14 million will enable us successfully to bring our financing arrangements to a close. But what’s probably even more important from the perspective of senior lenders are the operating grants which the Province will provide in the event that corn, oil, and ethanol prices fluctuate in a way as to impair the profitability of the plant. It is this element of the OEGF that will provide particular comfort to our lenders.”
IGPC’s 150 million litre ethanol processing facility will turn nearly 15 million bushels of corn into a renewable fuel source which simultaneously reduces greenhouse gas emissions. As a co-operative owned by nearly 650 Ontario farmers and other community members, having an opportunity to turn corn into a high value-added product is especially significant given recent low commodity prices. The proposed Aylmer plant will also bolster demand for Ontario corn and create spin-off jobs and other benefits for the entire rural economy in Elgin County.
In his enthusiastic address to IGPC members and local community supporters, Cox expressed his particular gratitude to local MPP Steve Peters. “Without exaggeration, IGPC would not be this close to building its plant if it were not for the relentless efforts and unrelenting support of Steve Peters. We are sincerely grateful to him for all he has done for us.”
Ethanol is considered an important made-in-Canada tool for addressing Canada’s commitment to reduce greenhouse gases. The Government of Canada is also solidly behind the development of a strong domestic ethanol industry. In July 2005, IGPC received a commitment of $11.9 million in assistance from Natural Resources Canada’s Ethanol Expansion Program, and the Co-operative is expected to sign a Contribution Agreement with Ottawa in the near future.
Contacts:
Integrated Grain Processors Co-operative Inc.
Brantford, Ontario
519 752-0447 1-866-211-0435
Tom Cox, Chair
519 771-4467
BACKGROUNDER
INTEGRATED GRAIN PROCESSORS CO-OPERATIVE INC.
Integrated Grain Processors Co-operative Inc. (IGPC) was incorporated in April 2002 as an Ontario co-operative. The objective of IGPC is to establish an ethanol plant in Southwestern Ontario to add value to local producers’ corn, increase the price producers receive for their corn locally, and create jobs and environmentally sustainable economic growth in Southwestern Ontario. The Co-operative is committed to the reduction of greenhouse gas emissions through the production of renewable fuels.
IGPC plans to build an $87 million ethanol plant in Aylmer, Ontario, capable of producing approximately 150 million litres of denatured fuel-grade ethanol annually. The proposed plant will also produce approximately 120,000 tonnes of Dried Distillers Grains with Solubles (DDGS) annually. Approximately 90,000 tonnes of CO2 will be produced annually by the plant.
The plant will utilize approximately 14.5 million bushels of corn annually, representing approximately 7% of Ontario’s average annual corn production. It is estimated that the additional corn consumed by the plant could increase the local basis for corn by up to $0.10 per bushel. The plant will create 35 jobs directly, as well as additional spin-off jobs.
IGPC has raised nearly $25 million in equity to date from Southern Ontario farmers and community members. The Co-operative recently announced the conditional purchase of a 48 acre site in the Aylmer Business Park in the Town of Aylmer. The site is appropriately zoned for an ethanol plant and the Co-operative is currently seeking to obtain all of permits necessary for air and noise emissions and other regulatory approvals.
Project construction is anticipated to begin by late Summer or early Fall of 2006, once IGPC finalizes its financing. Construction of the plant will be completed within approximately 12-14 months.
MCGUINTY GOVERNMENT BOOSTS ONTARIO'S ETHANOL INDUSTRY
Minister Dombrowsky Congratulates Successful Applicants For Ontario Ethanol Growth Fund
To see the full story visit the link below:
http://www.omafra.gov.on.ca/english/infores/releases/2006/061506.html
March 27, 2006
Integrated Grain Processors Co-operative to Locate in Aylmer
Aylmer, Ontario.
Aylmer Mayor Paul Baldwin and Integrated Grain Processors Co-operative (IGPC) Chair Tom Cox announced today that IGPC has purchased land in Aylmer for the construction of its proposed 150 million litre ethanol plant...Click Here to Read More
