With gas prices soaring and expected to increase in the upcoming weeks people are looking for alternatives. One of those is ethanol. It is made from corn and can be used as an alternative to gasoline in some vehicles. WBKO's Ashley Davidson reports on an area county that could be getting an ethanol plant that would not only save drivers at the pump, but boost the local economy as well.
"Without question it is the perfect timing for such a plant to be considered in this area," said Jody Lassiter, Logon Economic Alliance Development's executive director.
The plant in consideration is the South Central Kentucky Ethanol Plant. Logan County resident, Darrell Crawford, has registered to start a company that would produce ethanol from corn. The plant would require $1.25 million of seed money and another $75 million to begin operations at the plant.
"The challenge is getting the pool before it becomes saturated. A lot of projects are being discussed. Not only in this region, but all over the nation. And this is going to be a crucial time period for any ethanol production between now and three to four years from now," Lassiter said.
They estimate the proposed South Central Kentucky ethanol plant will be a huge boost for Logan County's economy. The plan is for the plant to be located on propert just off of 68-80.
"On 68-80 with access to rail as well as having all the infrastructure utilities from Warren Rural Electric as well the city of Auburn."
The plant would employ between 50 to 75 people, but Lassiter says that for every job created there is potential for three additional jobs to be generated in the area.
"The economic impact in the greater pool of agri-business will be much greater because it will generate more agricultural jobs in the country."
For more on South Central Kentucky Ethanol, go to www.skethanol.com.
Ethanol Quick Facts
provided by www.ethanolfacts.com
• One acre of corn can produce enough ethanol to run a car for some 72,000 miles on E-10 Unleaded.
• For every barrel of ethanol produced, 1.2 barrels of petroleum are displaced.
• By 2010, U.S. ethanol production could displace the equivalent of 311,000 barrels of imported crude oil per day—more than one large oil tanker per week.
• The use of E-10 Unleaded (10 percent ethanol/90 percent ordinary unleaded gasoline) is approved for use by every major automaker in the world.
• One bushel of corn yields about 2.8 gallons of ethanol.
• A typical 40 million gallon ethanol plant creates 32 full-time jobs and generates an additional $1.2 million in tax revenue for a community.
• Ethanol production results in a net energy gain—producing 67 percent more energy than it takes to grow and process the corn into ethanol.
• Ethanol production consumed about 13 percent of the nation’s second largest corn harvest in 2005—some 1.43 billion bushels.
• Ethanol production in the U.S. hit a record 3.904 billion gallons in 2005—up 139 percent from 2000.
• There are some 5 million “flexible fuel” vehicles on America’s highways that can run on up to 85 percent ethanol (E85).
• A flexible fuel vehicle (FFV) can run on any combination of gasoline and ethanol up to 85 percent ethanol. You can fill up with E85 one time, E-10 Unleaded the next and ordinary unleaded the next—and a computer in the fuel system automatically adjusts for the level of ethanol in the fuel mix.