Osage plans barley-to-ethanol plant

By | July 08, 2008
Osage Bio Energy LLC hopes to break ground in September on a 55 MMgy ethanol plant in Hopewell, Va. The land is secured, along with local approval and a $300 million financing commitment from First Reserve Corp. for a total of four plants. The rest of the Hopewell financing package was under development and the permitting process was underway in late June, according to John Warren, Osage investor relations manager. Jacobs Engineering completed design work for the project, and Katzen International Inc. is providing the process technology. Osage plans to use winter barley for a feedstock, creating a new market for the crop that will provide environmental benefits as a winter cover and won't compete with food crops.