Thursday, January 30, 2014

News preview for Jan. 30th issue…

POET general manager speaks out on benefits of ethanol

by Debbie Schmidt
Ethanol is big business in South Dakota. POET Biorefining - Chancellor, located just west of Lennox, is a big part of the local economy. The plant utilizes over 35 million bushels of locally grown corn and processes it into 110 million gallons of ethanol on an annual basis and employs 62 people.
Dean Frederickson, General Manager at the plant, emphasized that the Chancellor plant is the largest of the POET system. He is particularly proud of the fact that the facility has the ability to produce the energy used at the plant from what is basically garbage. Their solid waste fuel boiler burns several hundred tons of wood chips each day and captures and burns methane gas from the Sioux Falls city landfill. 

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Demand for propane leads to price spike

by Erica Gaspar
The phone has been ringing off the hook at Lennox’s Farm Gas Co-Op for the last week or so, manager Mitch Jensen said. Long-lasting cold fronts have depleted the nation’s supply of propane faster than expected this season, causing an upward shift in prices.
While some Farm Gas contract customers were insulated from the recent spike in prices, which soared from $1.38 per gallon in June to $4.60 last weekend and jumped to $4.95 per gallon on Monday, others haven’t been so lucky.

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