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Cargill to invest $83 million in ethanol plant, eastern Germany

6:18 AM MST | December 18, 2013 | Michael Ravenscroft

Cargill has announced that it will invest €60 million ($83 million) in an ethanol plant, to be located at Barby, near Dessau, in eastern Germany. The product will be used for the beverage, cosmetics, and pharmaceutical industries in Germany and Europe. The plant, which is expected to be operational by fall 2015, will produce ethanol using state-of-the-art innovative technology. Feedstock will come from Cargill's adjacent wheat-processing facility using primarily locally grown wheat, the company says. "This investment by our starches and sweeteners...

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