HENNEPIN – Marquis Inc. announced its decision to let more than 800 acres in Illinois land options in Scott County, near Jacksonville, expire in late April, shelving its plans for the development of a $500 million ethanol facility. Marquis cited pending state legislation that would undermine the competitive business process. According to CEO Mark Marquis, The legislation would inflate the cost of the development to the point the project would not have an adequate return on investment and would negatively impact the company’s ability to competitively bid construction projects. Additionally, recent international trade tariffs have restricted the export market of ethanol and distillers grains to several countries, including China, Brazil, Peru, and the European Union.
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