- Funding Needed
- $212 (Mio)
- EB5 Funding
- $75 (Mio)
- EB-5 Investors
- 150
- Investment Amount
- $500,000
- Job Creation per Investor
- 15.0
- Job Creation (Total)
- 2256
- Category
- Accommodation and Food Services
- Sub-Category
- Hotels (except Casino Hotels) and Motels
- State
- North Dakota
- Location
- Spiritwood, North Dakota
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- Last Update: February 04, 2015 01:00 PM
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Dakota Spirit AgEnergy (DSA)
Project Description
The Group 32 EB-5 Investment, Dakota Spirit AgEnergy (DSA) is located in Spiritwood, North Dakota. CMB is working with a major utility provider, Great River Energy, to create new American jobs in North Dakota. Dakota Spirit AgEnergy is a new ethanol biorefinery colocated next to the Spiritwood Station which is a 99 megawatt power plant near Jamestown, North Dakota. The biorefinery will utilize steam from Spiritwood Station to produce 65 million gallons of ethanol per year (MGY), distiller’s grains and fuel-grade corn oil. This approach dramatically reduces the costs associated with integrating corn oil separation as well as grain drying and storage. This is anticipated to produce $200 million in annual revenues.
In direct support of DSA, Great River Energy (GRE) will undertake various re-commissioning and startup activities of the Spiritwood Station in order for the plant to reach full operations and provide electrical power and waste steam to the biorefinery in sufficient amounts. Midwest AgEnergy Group, an upper Midwest biofuels enterprise and a subsidiary of Great River Energy, will own the new Dakota Spirit AgEnergy biorefinery. Midwest AgEnergy
currently owns and operates Blue Flint Ethanol, which is an existing and proven 65 MGY ethanol biorefinery near Underwood, ND. Midwest AgEnergy is modeling the DSA plant after it's already successful Blue Flint Plant.
Project Timeline
3rd Quarter 2013 – Construction activities to commence
1st Quarter 2015 – Completion
Regional Center
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