Greybull, WY – A lease agreement has been worked out that could provide up to $45 million to build an ethanol plant in Greybull.
Big Horn Basin Ethanol announced it has worked out a lease agreement with Bronte Renewable of Canada.
The Ontario company will own the plant, and Big Horn Basin Ethanol will lease and operate it.
Big Horn Basin Ethanol President Tom Johnson says additional financing will come from a North Carolina banking company.
If the lease agreement becomes final, construction may begin as early as next July.
The proposed plant would produce up to 25 million gallons of ethanol a year and employ up to 33 full time workers.