Five years and still going strong
Some said it would never open. It would never produce a gallon of energy. It would never employ the people it would take to run such a plant. It would never affect grain prices the way it was predicted. It was the wrong location. The wrong time. They’d never find enough investors.
Even when it did open, they said it would never make a dime.
Patriot Renewable Fuels LLC taught those Doubting Thomases a lot in the first five years since it starting producing grain ethanol from corn in a field just east of Annawan along Interstate 80. The group raised millions of dollars, borrowed millions of dollars and today, that debt load keeps falling.
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