Governors
Doyle Announces $250,000 to Support NPP Plant
EVANSVILLE – Governor Jim Doyle today broke ground
on a new biodiesel refining facility in Evansville and
announced $125,000 from the Department of Transportation
and $125,000 from the Department of Commerce.
“With new technology, and a commitment to renewable
fuels, Wisconsin can lead the way – reducing global
warming and helping this nation kick its addiction to
foreign oil,” Governor Doyle said. “Our state
has the ideal resources to be a national model for renewable
energy – from agriculture and forestry, to manufacturing
and cutting edge innovation. As I’ve always said,
when it comes to our energy future, we should rely more
on the farm fields of the Midwest, and less on the oilfields
of the Mideast.”
After exploring sites in Minnesota, North Prairie Productions,
LLC chose Evansville for its close proximity to soybean
fields and for Wisconsin’s leadership in renewable
energy. The new 62,400 square-foot facility will use soy
oil and other materials to produce up to 45 million gallons
of biodiesel fuel a year. The project is expected to create
56 jobs and generate $2.7 million for Wisconsin’s
economy.
State Transportation funds will help the City of Evansville
reconstruct a 2,600 foot section of County Highway M where
the facility is set to be located. State Commerce funds
will help the city pay for a new water main for the new
facility. The City of Evansville is covering the remaining
costs of the construction project – totaling $503,600.
In the state budget, Governor Doyle proposed a $40 million
investment to move forward on Wisconsin’s “Declaration
of Energy Independence,” the Governor’s plan
to generate 25 percent of our electricity and 25 percent
of our transportation fuel from renewable fuels by 2025.
The plan also aims to capture 10 percent of the market
share for the production of renewable energy sources by
2030 and make Wisconsin a national leader in groundbreaking
research to make alternative energies more affordable
and available to all – and turn discoveries into
new, high paying jobs. Achieving this goal would bring
$13.5 billion annually to Wisconsin’s economy by
2030.
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Notice Regarding Forward-Looking
Statements
This press release includes forward-looking statements.
All statements regarding North Prairie Products, LLC’s
expected operations, financing plans, business strategy,
budgets, projected capital expenditures, products and
services, competitive positions, growth opportunities,
plans and objectives of management for future operations,
as well as statements that include words such as “anticipate,”
“if,” “believe,” “plan,”
“estimate,” “expect,” “intend,”
“may,” “could,” “should,”
“will” and other similar expressions are forward-looking
statements. Please recognize that all forward-looking
statements involve a number of risks and uncertainties
that could cause our actual results to differ materially
from the estimates, expectations, beliefs, intentions,
projections and strategies reflected in or suggested by
the forward-looking statements. NPP disclaims any intention
or obligation to update any forward-looking statements
as a result of developments occurring after the date of
this press release.
