Galva, Iowa - Maple River Energy, L.L.C. intends to build a 5-million gallon per year soybean crush plant and biodiesel production facility south of Galva, Iowa. The plant is expected to be built east of Quad County Corn Processors just north of US Highway 20.

Maple River Energy will begin the equity drive to raise capital necessary to build the plant on Wednesday, March 7th at Galva-Holstein High School in Holstein. The kick-off equity drive meeting will begin at 7:00 pm with several special guests expected to attend.

This project began as a value-added endeavor of Galva Holstein Ag, L.L.C. A feasibility study and business plan were completed and a separate board of directors established.

“Maple River Energy differs from other renewable fuels projects in the state,” stated Delayne D. Johnson, general manager of Galva Holstein Ag and board member of Maple River Energy. “We plan to take soybeans right out of the field, crush them at our facility, produce our own oil, then manufacture and blend biodiesel on site. The finished product is intended to be distributed locally to our customer base.”

The Maple River Energy business model focuses on local inputs and markets. “As proposed, we will not be dependent upon outside oil sources, we will manage our plant without oil contracts and will not incur railroad or other transportation related delays in the process,” Johnson commented. “We have millions of bushels of soybeans right here in our back yard. This is a great way to use our own value-added products, improve farmer profitability, and spur economic development in northwest Iowa.”

Maple River Energy will be holding a series of informational meetings over the next few weeks. All meetings begin at 7:00 pm.