This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Dry Ice To Be Manufactured From Ethanol Plant CO2

MAUMEE, Ohio, Oct. 6 /PRNewswire-FirstCall/ -- The Andersons Marathon Ethanol LLC (TAME), a partnership between The Andersons, Inc. (Nasdaq: ANDE) and Marathon Petroleum Company LP, a wholly owned subsidiary of Marathon Oil Corporation (NYSE: MRO), announced today that it has entered into an agreement with Continental Carbonic Products, Inc. for the supply of carbon dioxide (CO2) from the TAME plant in Greenville, Ohio.  The agreement provides Continental Carbonic a critical input to build a new 50,000-square-foot dry ice manufacturing facility.

(Logo: http://www.newscom.com/cgi-bin/prnh/20081104/CLTU081LOGO )

(Logo: http://photos.prnewswire.com/prnh/20081104/CLTU081LOGO )

CO2 is a co-product of the ethanol production process which can then be converted to liquefied CO2. Liquefied carbon dioxide (LCO2) is the feed-stock for manufacturing dry ice and is used for a wide variety of other applications.  Continental Carbonic has enjoyed significant growth in its core business; producing and delivering high quality dry ice to its customers.  The Greenville Dry Ice Plant will facilitate continued growth of the business and employ more than 70 full-time workers when running at full production.

"Continental Carbonic Products is a significant force in the U.S. dry ice market," said Neill McKinstray, Vice President & General Manager of Ethanol for The Andersons, Inc. "We are pleased to have them join us at our Greenville ethanol plant, and look forward to advancing our common business interests, as well as contributing to the growth and prosperity of the Greenville area."

The Andersons, Inc., which serves as operator and manager of the ethanol plant in Greenville, has a similar agreement with Continental Carbonic at The Andersons Albion Ethanol plant in Albion, Michigan.

"The Andersons Marathon Ethanol are exactly the type of high quality, high integrity strategic partner we look for when we expand our business," said Robert Wiesemann II, CEO and Vice-Chairman of Continental Carbonic. "We have partnered with The Andersons for over four years in Albion, Michigan and our relationship has proven to be very beneficial to both parties.  We also want to thank the Greenville community and State of Ohio Department of Development who have worked very hard to provide the economic framework to make this project successful and have welcomed us so warmly."

Local officials stated that the city and county are equally enthusiastic about the project.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs