The proposed $140 million Ringneck Energy Ethanol Plant planned for Onida, South Dakota has been delayed. Officials were hoping to start construction this spring, but are now pushing the project back to late 2017. Ring Neck President and CEO Walt Wendlund says they’re still working on obtaining permits and the final $20 million of the $75 million in financing needed for start-up.
He says they held nearly 100 successful investor meetings last year, but still came up short of the commitments needed to break ground.
Wendlund says the Onida area is the perfect fit for their project and they’re not giving up on the venture.
Once up and operating the Ringneck Energy plant is expected to produce 100 million gallons of ethanol annually.
