A ribbon cutting and open house was held late last week for Laurel Bio Composites in Laurel, Nebraska. The company uses distillers grains to produce a pellet and powder product used in plastics. CEO Tim Bearnes says with the help of a $ 5 million local bank loan and $6.9 million in a USDA rural development loan the company was able to complete phase one of their two phase project.
Bearnes says they get their ethanol byproduct needed for their product through a local company.
Bearnes says most of the customers they serve are in the United States but they also work with companies in New Zealand and recently participated in the Governor’s trade mission to China.