(California Ethanol and Power signs new agreement)...CE&P announced the 15 year agreement.

The contract was awarded to CHS, Inc. to market and sell 68 million gallons of Essential Ethanol, to be produced annually by the Sugar Valley Energy campus located in Imperial Valley. Construction financing for Sugar Valley Energy is expected to be in place in the new year, with groundbreaking getting underway soon. Ethanol production is set to begin in 2023. Sugar Valley Energy will be a 160 acre multi-plant campus consisting of sugercane to ethanol, sugercane to low carbon power plus biomethane and wastewater treatment facilities. Officials say once the plant reaches full capacity, it is designed to produce 68 million gallons of ultra-low carbon, fuel grade ethanol each year. The Essential Ethanol will be mixed with gasoline for a cleaner burning fuel.