The Renewable Fuels Association today congratulated member company Elite Octane, based in Atlantic, Iowa, for reaching the milestone of producing its billionth gallon of ethanol.
“We congratulate the investors and staff at Elite Octane on this terrific milestone, and doing so in such a relatively short time in operation,” said RFA President and CEO Geoff Cooper. “Over the past seven years, they have worked tirelessly to support the local economy in Iowa, providing cleaner, lower-cost fuel ethanol and other coproducts. We are proud of their success and their impact on the American ethanol industry.”
Led by President and CEO Nick Bowdish, who also sits on the RFA Board of Directors, Elite Octane began its operations on July 1, 2018, and now employs over 50 people at a plant that has the capacity to produce 150 million gallons of ethanol each year. Since its beginning, the plant has paid more than $1.6 billion to local corn farmers since commencing operations and nearly all this money was received within 60 miles of the plant. Altogether, the biorefinery processed 333 million bushels of corn to produce the billion gallons, as well as more than two million tons of distillers grains and 355 million pounds of corn oil.
