The Andersons on Site in Ohio

An ethanol plant could rise in Greenville by 2008.
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The Andersons (ANDE) - Get Report said preliminary site work began Monday for an ethanol plant in Greenville, Ohio.

The Maumee, Ohio, grain-and-rail titan said the development came just three days after it closed the purchase of property in an industrial park.

"We are aggressively pursuing our ethanol program and we appreciate the warm reception and cooperation we have received from the City of Greenville, Darke County and area economic development representatives," said Neill McKinstray, vice president of CEO Mike Anderson's ethanol division. "Pending final regulatory approvals, the Greenville site will be the fourth ethanol facility in which The Andersons has an investment and will provide services."

The plant, which could start running in 2008, would produce 110 million gallons of ethanol annually and 350,000 tons of distillers dried grain, an animal feed ingredient. The Andersons will provide grain origination, risk management and marketing for the facility.