Guardian Lima, LLC has not retained any of the original executive staff that first built the plant.
Press Release (Nov. 18, 2010) Guardian Energy Holdings Completes Investment in Lima, Ohio Ethanol Plant
Lima, Ohio (November 18) – Guardian Energy Holdings, LLC, headquartered in Janesville, Minnesota, has completed an investment to acquire a majority stake in the ethanol production facility located in Lima, Ohio. The 54-million gallon per year plant was wholly owned by Paladin Ethanol Acquisition, LLC (PEA), an entity backed by Washington, DC based Paladin Capital Group. The company will operate under the name Guardian Lima, LLC.
The facility originally began operations in 2008 as Greater Ohio Ethanol, but filed for bankruptcy protection later that year due to numerous operational challenges and adverse financial market conditions. The plant has been idle since November, 2008 and was acquired by PEA in March, 2009.
In connection with the recent investment, ICM, Inc. of Colwich, KS has been retained to lead a retrofit and upgrade program for the plant. Construction has already begun at the site and the facility is expected to be operational by the second quarter of 2011. When operational, the plant will consume approximately 19 million bushels per year of corn to produce 54 million gallons per year of fuel grade ethanol and 165,000 tons of dried distillers grain. The company will hire a staff of 31 full time employees and the retrofit project will create up to 60 construction jobs. The facility will be managed by Guardian Energy Holdings, LLC.
Guardian Lima also announced that it has selected Renewable Products Marketing Group (RPMG) as its ethanol and distillers grain marketing partner.
“ICM is thrilled to work with Guardian Energy Holdings, LLC, to conduct a retrofit of the Lima (Ohio) facility and improve operating efficiencies. We are proud to support Guardian’s efforts in strengthening the local economy and creating U.S. jobs that can never be outsourced. We look forward to getting this facility up and running so that ethanol production can begin again as well as bring economic benefits to Lima and northwestern Ohio,” said Dave Vander Griend, president and CEO of ICM, Inc.
About Guardian Energy Holdings, LLC
About ICM, Inc.
Established in 1995 and headquartered in Colwich, Kan., ICM, Inc., has focused on sustaining agriculture through innovation by engineering, building, and supporting the renewable fuel industry’s leading biorefineries. Proprietary ICM process technology is behind approximately 6.6 billion gallons of ethanol production per year. Additionally, ICM backs every facility they design with the most aggressive yield, energy, and emissions guarantees available. The full-service provider also offers a comprehensive line of more than 100 products and services tailored to make biofuels production more efficient and more profitable. ICM is further upholding its responsibility as an industry leader by heavily investing in the continued advancement of renewable energy technologies. In an effort to speed that advance, ICM has been conducting research and testing at its two state-of-the-art research facilities in Colwich and St. Joseph, MO, in conjunction with a growing list of strategic partners spanning multiple industries.
About Renewable Products Marketing Group
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