$3.9 million gets ethanol plant going
Show Me Ethanol, which said in April that it needed more money to finish its plant in Carrollton, Mo., raised $3.9 million from 40 investors and now has the plant up and running.
Show Me raised the money last week, it disclosed in an SEC filing. The investors will get 9 percent interest and will have a secured interest in the plant. Ray Carroll County Grain Growers made the largest single investment, $1 million.
Show Me also got $3 million added to a revolving loan from FCS Financial. The plant in Carrollton has the capacity to produce 55 million gallons a year.



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David Nicklaus has covered St. Louis business for more than 25 years. His column appears three days a week on the Post-Dispatch business page.
So “Show Me Ethanol” can now produce more of its inefficient fuel and further help drive up food prices. Great. This article should come with a note on how much water and energy is required to create a gallon of biofuel.