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Groundbreaking held for FUEL
"This is not my plant and it's not this board's plant. This is our plant, collectively," Murray Campbell, chairman of the board said to investors. "We have created a new public company that we own. Without you investing in it, we would not be standing here today." "This ethanol plant is a first for Georgia, and the first of many that will come. It's going to help us relieve our dependence on foreign oil, improve our environment and our atmosphere and provide jobs for Georgians," Sen. Johnny Isakson said. First United Ethanol, LLC is building a 100 million gallon dry mill ethanol facility at a cost of $170 million. FUEL will use 36 million bushels of corn annually to produce its 100 million gallons of ethanol.
Construction is expected to begin in 2007 with production slated for the summer of 2008.
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