(Colwich, Kan. Ã¢â‚¬â€œ January 11, 2010) Ã¢â‚¬â€œ ICM, Inc. announced today that it has signed a contract with Sunoco, Inc., a leading manufacturer and marketer of petroleum and petrochemical products, to retrofit an existing, but idled ethanol plant in Fulton, NY, located 10 miles south of Lake Ontario and 25 miles north of Syracuse. SunocoÃ¢â‚¬â„¢s plant is the largest ethanol manufacturing facility in the northeastern U.S., and is strategically located to supply SunocoÃ¢â‚¬â„¢s retail gasoline network with ethanol as blending component; Sunoco purchased the idled facility in 2009.
Dave Vander Griend, President and CEO of ICM is energized by the challenge of this new assignment. He commented, Ã¢â‚¬Å“ICM got its start by taking struggling plants designed by other companies and retrofitting them for efficient and profitable operation. It gives me great personal satisfaction to see ICM tackle these unique situations and provide winning solutions for our customers. IÃ¢â‚¬â„¢m honored that when SunocoÃ¢â‚¬â„¢s management evaluated their options to upgrade this important element of their corporate strategy, they chose to place their trust in ICM.Ã¢â‚¬Â
Tom Ranallo, ICM vice president of operations added, Ã¢â‚¬Å“ICM is extremely pleased to collaborate with Sunoco to create jobs in Oswego County and strengthen AmericaÃ¢â‚¬â„¢s renewable energy capabilities. This retrofit project will be supported by dozens of ICM employees and will employ local labor from the Fulton area.Ã¢â‚¬Â ICM estimates that during the construction phase, this project will put approximately 100 to 150 subcontractor personnel to work.
As the designer and process engineering firm for more than 100 dry-mill ethanol plants, ICM has achieved relevant and substantial experience to re-engineer and re-build upon non-ICM technology that have encountered production capacity and efficiency issues. Since 1995, ICM has led the successful modification and/or retrofitting efforts for 13 non-ICM ethanol plant ownership groups.
Speaking on the project, Michael McKee, General Manager of SunocoÃ¢â‚¬â„¢s ethanol business, said, Ã¢â‚¬Å“ICM has the knowledge and experience to make this project a success. We are pleased to join with ICM to complete this important work and begin operating the facility.Ã¢â‚¬Â
About ICM, Inc.:
Established in 1995 and headquartered in Colwich, Kan., ICM, Inc., has focused on sustaining agriculture through innovation by engineering, building, and supporting the renewable fuel industryÃ¢â‚¬â„¢s leading biorefineries. Proprietary ICM process technology is behind approximately 6.6 billion gallons of ethanol production per year. Additionally, ICM backs every facility they design with the most aggressive yield, energy, and emissions guarantees available. The full-service provider also offers a comprehensive line of more than 100 products and services tailored to make biofuels production more efficient and more profitable. ICM is further upholding its responsibility as an industry leader by heavily investing in the continued advancement of renewable energy technologies. In an effort to speed that advance, ICM has been conducting research and testing at its two state-of-the-art research facilities in Colwich and St. Joseph, MO, in conjunction with a growing list of strategic partners spanning multiple industries. For more information, visit icminc.com.
About Sunoco, Inc.:
Sunoco, Inc., headquartered in Philadelphia, PA, is a leading manufacturer and marketer of petroleum and petrochemical products. With 825 thousand barrels per day of refining capacity, approximately 4,700 retail sites selling gasoline and convenience items, approximately 6,000 miles of crude oil and refined product owned and operated pipelines and approximately 40 product terminals, Sunoco is one of the largest independent refiner-marketers in the United States. Sunoco is a significant manufacturer of petrochemicals with annual production capacity of approximately five billion pounds, largely chemical intermediates used to make fibers, plastics, film and resins. Utilizing a unique, patented technology, SunocoÃ¢â‚¬â„¢s cokemaking facilities in the United States have the capacity to manufacture approximately 3.0 million tons annually of high-quality metallurgical-grade coke for use in the steel industry. Sunoco also is the operator of, and has an equity interest in, a 1.7 million tons-per-year cokemaking facility in VitÃƒÂ³ria, Brazil.
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