FOR IMMEDIATE RELEASE
Benchmark Renewable Energy LLC (www.brenewable.com) an advanced biofuel developer out of Clearwater Florida, has reached an agreement with Tyton NC Biofuels LLC to acquire Tyton’s ethanol plant and related assets in North Carolina.
The plant located in Raeford, North Carolina, is a 1st generation corn to ethanol plant that will have, when completed, a low carbon annual production capacity of 60 million gallons.
Benchmark business plan includes modifying the plant to advanced biofuels, eliminating the use of hydrocarbons, improving production yields, improve digestibility of the co-products distillers dry grains and allowing the plant to process multiple feedstocks including sorghum.
Benchmark Design LLC is responsible for the new process design and Corval Group of Minnesota will undertake the modifications of the plant under an EPC Contract. Once the modifications are completed, PIC Inc. will operate the plant under an O&M Agreement.
Benchmark Design LLC CEO said:
“We are delighted to have the opportunity to improve and operate the Raeford plant. We intend to use our experience in deploying the latest available technology and commercial best demonstrated practices in other food processing industries, fuel ethanol distilleries in Brazil, rum distilleries in Central and South America and fuel ethanol plants in California and North Dakota.
We expect Raeford to be a showcase for low carbon operations and biofuel production in the United States. The plant is ideally located to take advantage of the Low Carbon Fuel Standards legislations emerging in the East Coast.”
The grain feedstock required for operations will be provided by CHS.
The acquisition is anticipated to be finalized second quarter of 2024, while construction and modifications will have the plant back in operations in early 2026.
For additional information, please contact Benchmark Renewable Energy.
See virtual tour of the plant below
