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By Matthew Wilde, Waterloo-Cedar Falls Courier, Iowa Knight Ridder/Tribune Business News
Jan. 31--IOWA FALLS, Iowa -- Raising corn that's highly fermentable and loaded with starch can be financially beneficial to farmers and ethanol plants.
Northeast Iowa is experiencing a boom in the ethanol industry. Hawkeye Renewables, a privately owned company based in Iowa Falls, recently opened a 45-million gallon plant in the community and started construction on a facility more than twice as big near Fairbank. Pine Lake Corn Processors near Steamboat Rock is expected to start producing 20 million gallons a year of the corn-based fuel additive in March.
The three plants will consume about 54 million bushels of corn a year.
This is about two-thirds of the total production of Hardin, Fayette and Buchanan counties, where the plants are located.