SMC Group Withdraws From Trash-To-Ethanol Proposal
(This artist’s rendering is of a similar waste-to-ethanol project, courtesy of Northwestern University)
The effort to build a trash-to-ethanol plant in southern Lake County has taken another hit.
Late Tuesday, the lawyer representing SMC of Indiana, LLC, said the consortium of Northwest Indiana Contractors will not take over the project started by Powers Energy One of Indiana.
George Carberry of Burke Costanza & Carberry says that after completing a review of the development and funding needs of the proposed advanced bio energy facility, the group realized it would be unable to secure financing for the project.
In 2008, Evansville-based Powers Energy One signed a deal with the Lake County Solid Waste District to build an ethanol plant in Schneider near Lowell. But Powers has been unable to obtain financing despite numerous extended deadlines from the waste management board. Last August, SMC entered the picture offering to purchase Power’s contract, contingent on the board’s approval.
SMC is a local business group comprised of Gary-based Superior Construction, Hammond-based Morrison Construction and Anderson-based Continental Electric. Carberry says the group is willing to help with construction should Powers Energy move ahead with the plant.
A statement issued by the Lake County Solid Waste Management District says the trash-to-ethanol project will be discussed at its April 18th district board meeting. There will be no public comment on the matter other than the board’s action itself.