Rumpke of Ohio, POET Biorefining Receive OAQDA Financing Approval for Expansion Projects
OAQDA Approved Rumpke to Build New Vehicle Repair Facility with OAQDA Financing
Rumpke of Ohio, located in Hamilton County, was approved for up to $16 million to construct a repair facility for the primary servicing of waste-collecting vehicles. The proposed building is an 82,557 sq. ft. major repair facility contiguous to the sanitary landfill. The facility will help maintain and extend the useful life of the company's growing fleet of alternative fuel and compressed natural gas (CNG) vehicles.
The new facility will contain welding, grinding, sand-blasting, power washing and painting operations as well as repair, maintain and clean containers used in waste collection. Construction of the building is expected to be complete at the end of 2017.
POET Biorefining Launches Major Expansion of Marion Refinery
POET, the largest ethanol prod
ucer in the country, producing more than 1.6 billion gallons of ethanol per year received approval from OAQDA for $30 million in financing for expansion of its Marion County facility to enable ethanol production capacity to increase from nearly 70 million gallons to 150 million gallons per year. In addition, the production of dried distillers' grains would increase to approximately 360,000 tons per year. Learn more about the project.
POET operates 28 plants in seven states in the US. These plants consume approximately 570 million bushels of corn and, as a byproduct, produce close to five million tons of distillers' dried grains utilized as high protein animal feed. POET currently operates three biorefineries in Ohio employing approximately 150 people.
The company originally commissioned the bio-refinery in 2006, and the plant has been in continuous operation since its start-up in 2008. The expansion would boost POET's purchase of locally-sourced corn to double the current rate, increasing to more than 49 million bushels annually.