Agassiz Energy, LLC

Project Summary

After five years of planning by local farmers, business and government leaders as New Harvest Ethanol, it was determined to raise $1 million in seed capital and Agassiz Energy, LLC was born! The organizational meeting of our investor group was held on September 23, 2004 in Crookston, Minnesota. At this meeting our name, Agassiz Energy, LLC was created and filed with the State of Minnesota.



The plant will be constructed near Erskine, Minnesota with a cost estimated at $110 million. $58.5 million of this cost to be raised in equity during late Summer 2006. Agassiz Energy received matching grants of $105,000 from AURI and $170,000 from USDA Value Added Agriculture program.

KL Process Design Group, LLC will develop the design, engineering, and provide construction management of the 55-MGY ethanol plant. Construction target is October 2007 with Agassiz Energy plant beginning operation in January 2009 employing 35 full-time employees. Our goal is to create a biorefinery that is a low cost producer of energy and co-products for animal and human consumption.

Our Vision

The Agassiz Energy site was selected for its prime location and strong local feedstock and cattle availability. The feedstock availability will represent 70 percent of total operating costs. In addition:

• Coal will be used as the major energy source using the latest clean coal technologies.

• Agassiz Energy will be located with direct access to two railroads and two major highways making it a prime point for transportation in to and out of the plant. In addition, there is also access to two electrical utilities.

• Agassiz Energy is also located to meet qualifications for Federal New Market Tax Credit and Minnesota JOBZ tax credits.

• There is the availability of on-site water.

• Agassiz Energy will be built with the latest processing and material handling technology.

• Agassiz Energy's employs a strong management team with marketing and procurement partnerships.