Business Facilities - February 2008 - (Page 51)

GREEN-O-VATION Kentucky passed innovative new legislation in 2007, titled the Incentives for Energy Independence Act (IEIA), in Dr. Pearse Lyons, president and founder of Alltech hopes of positioning itself at “the forefront of national LEXINGTON LURES HEALTH efforts to achieve energy indeSERVICES EMPLOYER pendence by reducing the state’s Home respiratory therapy reliance on imported energy provider Pacific Pulmonary Serresources,” according to former vices announced in January that it Governor Ernie Fletcher. Not long will locate a customer care center after the legislation was passed, in Lexington, KY at an existing Dr. Pearse Lyons, founder of All26,500-square-foot facility on tech, announced the company’s Georgetown Road. The company newly formed subsidiary Ecofin, will create over 200 full-time posiLLC would construct a 10-million tions and invest over $1.6 million gallon, self-sustaining biorefinery in the central Kentucky city. in Washington County, KY. The The Kentucky Economic Devel$40 million project is the first of its opment Finance Authority prelimikind to be awarded incentives narily approved Pacific Pulmonary under Kentucky’s new IEIA, which Services for tax benefits up to $2.5 allows Kentucky to offer inducemillion under the Kentucky Jobs ments for facilities for alternative Development Act, an incentive profuel, gasification, and renewable gram designed to attract and energy. This new venture could creexpand technology- and serviceate as many as 93 high-wage jobs related industries in the state. in the state. “We are excited to open our first The Kentucky Economic Develcustomer care center in Lexington,” opment Finance Authority preliminarily approved Alltech for tax bensays Chad Martin, CFO of Pacific efits up to $8 million under IEIA, Pulmonary Services. “We conwhich was contained in House Bill ducted a national search for a loca1, passed during the Second Extration that would provide us with a ordinary Session of the 2007 Kensupportive community, high labor tucky General Assembly. quality, and great growth opportuThe facility is part of Alltech’s nities. Lexington, and the state of rural community integrated bioreKentucky, exceeded our expectafinery project, the first such model tions. I am confident this new facilin North America that integrates ity and its employees will provide feed, food, and fuel production. It world-class support to our patients is designed to validate the feasibiland physicians.” ity of commercializing an environmentally sound, integrated process to convert a potentially wide range of feedstocks to ethanol and other vendible products. In addition to the planned ethanol production, the facility is also anticipated to produce approximately 35,000 tons of distiller’s grain annually, which will become a component of animal feed. Any carbon dioxide produced will be further processed and sold into industrial markets. Feedstock for the facility will consist of approximately 72,000 tons of corn and 32,000 tons of lignocellulose per year. Lignocellulose is Rendering of the proposed 10-million gallon, selfsustaining biorefinery in Washington County, KY PHOTO CREDIT: KENTUCKY CABINET comprised of corn cobs, husks, and other waste material from corn. The corn feedstock necessary for the plant will come from 11 surrounding counties. “This has enormous implications not only for our farmers, but for all people as it signifies a fundamental shift in not just energy dependence, but energy security,” says Dr. Lyons. “Alltech is committed to the future of agriculture and making Kentucky a national leader in that area, and this incentive represents a big step toward making that happen.” BUSINESS FACILITIES 51

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Business Facilites - February 2008 Contents First Word Snapshots Corporate Moves: Texas Capturing the Creative Class Green with Energy Automotive Opportunities in a Green Economy Corporate Moves: Wyoming Metro Spotlight: Overland Park, KS Metro Spotlight: Long Island, NY Get Ahead in Alabama Indiana: Sending Tech Messages How to Successfully Negotiate a Lease in Today's Real Estate Environment Legislation Spurring Innovation in Kentucky New Center will Propel Ontario's Automotive Future Virginia's Vital Signs Eating Well in the North of France Advertiser Index Ask the Expert

Business Facilities - February 2008

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