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Written by / Agency / Source: BN National Trail

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Biodiesel Plant Fuels Economic Growth in Central Illinois - BN National Trail Biodiesel, LLC releases feasibility study results - BNnationaltrail.com
Biodiesel Plant Fuels Economic Growth in Central Illinois

 

NewswireToday - /newswire/ - Newton, IL, United States, 2012/07/02 - BN National Trail Biodiesel, LLC releases feasibility study results - BNnationaltrail.com.

   
 
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Recently, a Dallas, TX based financial consulting firm, Jennings & Associates, completed a feasibility study regarding the impact of this renewable energy plant to the surrounding community. BN National Trail has created a dozen new local jobs to date. A total staff of approximately 30 employees is expected once the plant progresses to its nameplate capacity (50 million gallons per year). The economic impact highlighted in this study includes an estimated ripple of 105 additional jobs to the Newton / Jasper County area. Furthermore, Jennings & Associates forecast $1.1 billion in long-term revenue for the community. Contributing factors include the boost in area wages and salaries, increased traffic through retail, vendors, distributors, etc., as well as tax revenue.

These job opportunities come at a time when Jasper County, like so many other areas in the nation, has been battling higher than average unemployment rates the last several years. Plant Manager, Greg Champe, comments on creating green jobs for Jasper,“ I am excited and gratified about the short term and long term economic impact this project can provide for the local area. We continue to fill most of our open plant positions with individuals from this region, some already having experience in the renewable energy industry, and others whom are recent area college graduates. We are very excited about the technical abilities and enthusiasm of our new staff. All of our hires have great respect for maintaining or improving the environment and are excited to have an opportunity to build their career at our facility while believing in our mission.”

BN National Trail is being developed by Blue Northern Energy of Chicago, IL. Blue Northern brings expertise in development and innovation in the biofuels & biochemical industries. The start-up of BN National Trail in Newton is expected to be fall of 2012.

(Statements in this press release that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing and access funds from our existing financing arrangements that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events.)

 
 
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Written by / Agency / Source: BN National Trail

 
 

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Biodiesel Plant Fuels Economic Growth in Central Illinois

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Publisher Contact: Kelly Willenborg - BNenergy.com 
217-254-2149 kelly[.]bnenergy.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any BN National Trail securities in any jurisdiction including any other companies listed or named in this release.

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