ADM and Sterling form Ethanol partnership
As part of the marketing agreement, ADM will market all ethanol produced by Sterling Ethanol at its Sterling, Colorado facility.
“By relying on ADM’s experience in the ethanol market, we will be able to ensure that our product is marketed effectively.”“We’re pleased to lend our experience and marketing expertise to Sterling Ethanol,” stated Mr. Martin Lyons, division Senior Vice President-Ethanol Sales & Marketing for ADM. “As one of the largest producers of fuel ethanol in the United States, we’ve seen that renewable fuel sources help extend oil reserves, create new markets for the farmer and make for a better environment.”Sterling Ethanol, LLC is owned by local investors, including farmers, ranchers and business people that primarily reside in Northeast Colorado.
Currently, Sterling Ethanol, LLC is building the first ethanol plant in the state of Colorado. The plant will have a design capacity to produce 42 million gallons of ethanol per year. Expansion plans are being pursued which will bring the capacity to 80 million gallons annually. In addition to ethanol, the plant will produce approximately 357,000 tons of distiller’s wet grain and 78,000 tons of CO2 gas each year.
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