News in brief

Cargill subsidiary to develop ethanol plants

Newly formed company Emerald Renewable Energy has revealed plans to develop four 100-million gallon per year ethanol plants in the corn-belt area of the Midwestern US.

The privately held, limited liability company was formed by international agricultural and risk management company Cargill, a major ethanol producer and distributor. Cargill will provide the initial development capital for the projects and will support the facilities, including corn s