The Andersons

(ANDE) - Get Report

filed for an air permit covering an ethanol plant it might build next to a grain elevator in Dunkirk, Ind.

"We have submitted an application to the Indiana Department of Environmental Management to begin the process of obtaining an air permit," said Neill McKinstray, the Maumee, Ohio, company's vice president and general manager for ethanol. "Although the facility in Dunkirk is just one location under consideration for expanding our ethanol interests, we believe the time is right to begin pursuing appropriate regulatory approvals for that facility."

The Andersons is the largest equity investor in two ethanol facilities under construction. When completed, those plants will have the capacity to produce 165 million gallons of ethanol annually.

The permit filing comes just two months after the company

got a state air permit for The Andersons Clymers Ethanol in Clymers, Ind. That facility is scheduled to be completed in the first quarter of 2007. "We are very pleased we are one step closer to begin construction on the Clymers ethanol facility," CEO Mike Anderson said Feb. 15.

Late Thursday, The Andersons rose 3 cents to $85.78.