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Plan to produce alcohol in area defended by firm official
A plan to build grain alcohol plants in Murphysboro and Grand Tower, Southern Illinois, faces questions from Jackson-Union County Port District members. Intercontinental Oil Corp of Clayton, Mo, via Liquid Energy Consultants, will own 50 percent of each plant with local partners holding the rest. The arrangement targets tax advantages and grassroots local investment, while district members worry about risk transfer and lack of detailed information. Construction may begin within a month with potential future expansion and port district involvement.
MENTIONED IN THIS ARTICLE
Illinois
Jackson-Union County
Marvin Blackmore
Liquid Energy Consultants
Effingham
Blackmore
Intercontinental Oil Corp
Clayton
Intercontinental
General Partners
Limited Partners
Liquid Energy
Port District
du Quoin
Mar
Port
Grand Tower
Stewardson
Martinville
Ind
Cisne
Murphysboro
Anna