Developer wants to build ethanol plant at former Army Depot
By Dale Kasler - Bee Staff Writer
Published 4:25 pm PDT Friday, March 30, 2007
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A developer is proposing to build a major ethanol-production plant at the former Sacramento Army Depot.
Hoping to cash in on the nation's ethanol boom, Dick Fischer, whose Seattle-based Fischer Properties is the developer of what's now called Depot Park, said Friday he and a partner plan to build a $100 million ethanol facility.
The plant would be the only significant ethanol plant located in a major urban area, according to the Renewable Fuels Association. But Fischer said he doesn't anticipate major problems in obtaining the necessary permits.
"It's so benign," Fischer said. "You can stand a block away from one and not smell it, not hear it."
The proposed plant, to be called Golden State Ethanol, would be capable of making 100 million gallons of ethanol a year -- enough to supply 10 percent of California's needs. Ethanol from corn is blended into gasoline as a means of cleaning the air. Fischer said he anticipates the plant will be up and running within two years.
The proposal was first revealed by Sacramento Mayor Heather Fargo in her State of the City speech Friday.
Fischer's partner in the project is Gregg Renkes, a former Alaska state attorney general and a one-time staffer with the U.S. Senate Energy Committee. He resigned as attorney general in 2005 amid conflict of interest allegations, but Fischer called the matter "political" and said Renkes was cleared of any wrongdoing.
Ethanol production in the United States jumped 24 percent last year, and some analysts are warning of a glut. But Fischer said he and Renkes aren't worried and are confident they will obtain financing for the project.
The Bee's Dale Kasler can be reached at (916) 321-1066 or
[email protected].