TATE & LYLE – FORT DODGE
About Tate & Lyle
Tate & Lyle North American Sugars Inc. is a world-leading manufacturer of renewable food and industrial ingredients. All their ingredients
are produced from renewable crops, predominantly corn (maize) and sugar cane. These renewable crops are transformed through the
use of innovative technology into value added ingredients for food, beverage and industrial customers.
Tate & Lyle is headquartered in the United Kingdom and is a global company currently operating more than 50 production facilities
throughout Europe, the Americas and South East Asia.
About the Project
In July 2006, Tate & Lyle sought out and was approved to receive state assistance to build a new industrial starch and ethanol facility in
Fort Dodge.
The project is expected to create 100 jobs paying an average wage of $24.16 per hour. When the $245 million plant is completed in the fall
of 2008, it will produce industrial starches for the paper industry and 100 million gallons of ethanol as a co-product.
Tate & Lyle will be buying 150,000 bushels of corn per day and double that amount as it grows. Construction on the plant started in
October of 2006.
About the Incentives
July 2006
• $500,000 Community Economic Betterment Account forgivable loan
• $500,000 Community Economic Betterment Account loan
• $250,000 Physical Infrastructure Assistance Program forgivable loan
• $200,000 Value Added Agricutural Products and Processes Financial
Assistance Program (VAAPFAP) forgivable loan
• $100,000 VAAPFAP loan
• High Quality Job Creation tax credits
IN THE NEWS
Tate & Lyle Breaks Ground for New $260 Million Corn Wet Mill in Fort Dodge, IA; Facility Adds 100 Million Gallons Annual Ethanol Capacity
Biofuels Journal, September 26, 2006
“In today’s environment, we have to look increasingly to bio-based solutions as a way to reduce our dependence on depletable resources such as
oil and coal. At Tate & Lyle, we believe the corn fields of today will be the oil fields of the future. So what better place to be than here in the heart
of the Midwest,” said Ferguson, Chief Executive, Tate & Lyle.
Ferguson continued, “Supported by strong investment in R+D and in new manufacturing plants like Fort Dodge, our scientists are working hard to
meet these demands and move towards an ever more bio-based economy.”
“Fort Dodge is Tate & Lyle’s first plant in Iowa.
It represents an important move for us into
the western cornbelt. We’re very proud to be
building here and very much look forward to
becoming part of the local community,” he said.
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