KANSAS CITY, Mo., June 6, 2007 (PRIME NEWSWIRE) -- Kansas City-based Alternative Energy Sources Inc. (OTCBB:AENS) today announced that the Iowa Department of Natural Resources approved an operational air permit for AENS's proposed 110-million-gallon ethanol plant near Ogden.
"This marks the final major milestone for our Ogden, Iowa, ethanol plant," said AENS's CEO Mark Beemer.
All permitting is now complete for the Ogden plant, including approval of a general permit for storm-water discharge associated with construction activity, an affidavit for land-disturbing activities and an air-quality construction permit.
All environmental site reviews have also been completed. These include a Phase I environmental review, wetland determination, biological review for federal- and state-listed species, cultural resources review, a geotechnical survey and a soil-percolation study.
On May 17, the Iowa Department of Economic Development approved the award of $10 million in investment tax credits to AENS, including sales tax exemptions for building materials. IDED also approved Boone County's $7.5 million tax abatement. Earlier in year the Iowa Finance Authority had provided a letter of inducement for the issuance of $23 million in tax-exempt bonds.
In January AENS announced that the Iowa Department of Transportation had approved a total award of $239,000, including a grant of $144,500 and a loan of $94,500, both to be used for Union Pacific railroad infrastructure for the Ogden plant.
Since mid-August AENS has also announced plans to build ethanol plants in Kankakee, Ill., and Greenville, Ill.
AENS (www.aensi.com) is developing "greenfield" sites, including constructing, owning and operating fuel-grade ethanol plants.
The Alternative Energy Sources Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2961
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