The mission of Absolute Energy, L.L.C. is to secure the economic future for our communities and investors by Increasing economic development in our local area; Adding value to local corn production; Seeking to provide a return on investment for investors; and Reducing our country's dependence on foreign oil. We are committed to being a good neighbor in our communities and creating a positive environment for our employees. September 2005: Rick obtained options on six properties, from Osage, Iowa to Lyle, Minnesota. January 2006: Mitchell and Mower counties offered incentives and the board members chose to go with Mitchell County. March 4, 2006: The required amount of capital was raised to proceed with the project. April 2006: First well was drilled with excellent volume and quality. June 2006: Major dewatering system was installed. Had first full board meeting with all board members attending. July 11, 2006: Escrow closing. July 15, 2006: Began dirt work. August 9, 2006: Things are proceeding well, currently we are ahead of schedule. August 18, 2006: Loan closing with Home Federal and AgStar August 24, 2006: Groundbreaking celebration September 5, 2006: Fagen, Inc. arrived September 7, 2006: Drilling was completed for third well (Well # 1: 360 feet deep, Well #'s 2 and 3: 442 feet deep) September 20, 2006: Notice to Proceed was sent to Fagen, Inc. November 29, 2006: The project is ON SCHEDULE: 3,250 yards of concrete have been poured with 55 employees on site February 2007: Hired grain merchandiser May 31, 2007: Moved office to plant site June 5, 2007: First board meeting at new office July 2007: Hired plant manager October 11, 2007: First truck of corn across scale December 3, 2007: First day of employee training February 12, 2008: First grind at 8:15 a.m. March 3, 2008: Loaded first rail car with ethanol March 5, 2008: Loaded DDGS March 12, 2008: Received first payment for ethanol
Company Name | Absolute Energy, LLC |
Business Category | Renewable Energy |
Address | 1372 State Line Road St Ansgar Iowa United States ZIP: 50472 |
President | NA |
Year Established | NA |
Employees | NA |
Memberships | NA |
Hours of Operation | NA |
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Website | Locked content |