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Not Verified Project

Funding

Funding Needed
$212 (Mio)
EB5 Funding
$75 (Mio)
EB-5 Investors
150
Investment Amount
$500,000

Jobs

Job Creation per Investor
15.0
Job Creation (Total)
2256
Category
Accommodation and Food Services
Sub-Category
Hotels (except Casino Hotels) and Motels

Location

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

CMB Export

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