JMCP..Getting Huge Vol. on Ethanol/Oil NEWS out..
By: foreontee100
25 Jul 2006, 01:40 PM EDT
Msg. 818428 of 818444
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JMCP,,,,NEWS IS GOOD,,,,CHICAGO, Jul 25, 2006 (BUSINESS WIRE) -- Diversified Ethanol a Division of James Monroe Capital Corporation (Pink Sheets:JMCP) has purchased components to begin building its first small-batch ethanol plant, and begins component construction today.
The company selected a proven engineering design, known for its energy efficiency and cost effectiveness, and has begun purchasing tanks, pumps, and is building heat exchangers already. Diversified CEO Taylor Moffitt said, "We are still receiving bids on many of the components, but we intend to have this plant operational ASAP so we can move on to expanding it."
The company is in talks with a city development officials in Iowa towns regarding special incentives, such as tax breaks or forgivable loans, to bring jobs to the area. The company is building plant components in a temporary location until a permanent location can be been finalized.
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