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Al-Corn Clean Fuel


Trading Status: Inactive
Web Site: al-corn.com
SEC Filing(s): No
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Al-Corn Clean Fuel Logo

Al-Corn is currently in a Black Out Period. 

Please call 507-681-7100 with any questions.

Founded in 1994, Al-Corn Clean Fuel was created when depressed corn prices drove local farmers to seek new opportunities to add value to their corn crop.

For two decades Al-Corn Clean Fuel has created a guaranteed and stable market for corn, maintained a strong cash position during an uncertain economy and made investments that added significant value for members and their local communities.

Today, the Al-Corn Clean Fuel plant utilizes a dry milling process, the most commonly used method in the ethanol industry. The whole corn kernel is ground into a powder, mixed with recovered process liquids to form a mash (similar to oatmeal) and then cooked with enzymes that turn the starch into glucose. Yeast is added and the mash is fermented.

The resultant “beer” is distilled to separate the ethanol from the solids and remaining liquids. These are further processed to recover liquids for the mashing process, and to produce high protein livestock feed and distillers corn oil.

Annually Al-Corn Clean Fuel grinds 40 million bushels of corn and produces 120 million gallons of ethanol. The plant also produces 270,000 tons of high protein livestock feed and 28 million pounds of corn oil. The majority of these co-products are consumed by refiners, livestock feeders, meat packers and biodiesel producers throughout Minnesota.

Al-Corn Clean Fuel continues to utilize the best available control technologies in order to reduce energy consumption and production costs while at the same time increasing efficiencies and reducing emissions.

Al-Corn has reduced water consumption to less than 2.4 gallons of water per gallon of ethanol and was the first plant to achieve “zero liquid discharge”.

The company's energy conservation efforts have reduced the plant’s energy use by more than 35% compared to the original plant design.




Company Documents:

DISCLOSURE REGARDING TAX REVIEW
Al-Corn Clean Fuel LLC (the “Company”) has been notified by the Internal Revenue Service (IRS) that the tax return for Al-Corn Clean Fuel, the cooperative, filed in connection with the cooperative’s merger into the Company is under review.  However, the Company has not been notified by the IRS of any tax deficiencies and the IRS audit of the cooperative’s tax returns is in a preliminary information gathering phase. 

The Company believes the cooperative merger into the Company was correctly reported for tax purposes and will vigorously contest any proceedings challenging the tax treatment of the merger.  If the IRS were to challenge the tax treatment of the merger, a new purchaser of Company units, who was not involved in the merger, would not have any additional tax liability from such an assessment, but the Company, as successor in interest to the cooperative, would be liable for any additional tax that might be assessed against the cooperative.  A material additional tax liability would require the Company to devote other resources to the payment of any such tax liability; those resources could include payment from the Company’s reserves, from its future income or, if required by the Company’s then-current financial status, by a capital call to the members completed in accordance with the Company’s limited liability company agreement. 

The Company will notify potential sellers and purchasers of the Company’s units of any material changes in the status of the tax audit.



 
 
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