February 22, 2018 12:44 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Lake Area Corn Processors, LLC

Company Overview

Lake Area Corn Processors, LLC, through its subsidiary, Dakota Ethanol, L.L.C., owns and manages an ethanol plant in South Dakota. The company produces and distributes fuel grade ethanol that is primarily used as an octane enhancer in fuels; an oxygenated fuel additive for reducing ozone and carbon monoxide vehicle emissions; and a non-petroleum-based gasoline substitute. It also provides co-products of the ethanol, such as distiller grains, which are used as animal feed supplement for the dairy and beef industry; and corn oil that is used as animal feed, as well as for industrial use and biodiesel production. The company sells its ethanol and related products to customers primarily in North...

46269 SD Highway 34

PO Box 100

Wentworth, SD 57075

United States

Founded in 1999

39 Employees

Phone:

605-483-2676

Key Executives for Lake Area Corn Processors, LLC

Chief Executive Officer and President
Age: 55
Chairman, Treasurer of Dakota Ethanol LLC and Member of the Board of Managers of Dakota Ethanol LLC
Age: 51
Chief Financial Officer
Age: 46
Treasurer and Manager
Age: 54
Secretary and Manager
Age: 58
Compensation as of Fiscal Year 2017.

Lake Area Corn Processors, LLC Key Developments

Lake Area Corn Processors, LLC Plans to Expand Its Production Capacity

Lake Area Corn Processors, LLC is moving forward with plans to expand its production capacity to approximately 90 million gallons of ethanol per year. The cost of the expansion is expected to be approximately $33 million. The company is in the process of performing engineering and working with its lender to prepare a financing package for the expansion project. The company anticipates commencing the project in December 2017 and anticipates that the expansion will be complete during the company's second quarter of 2019. On November 30, 2017, the company entered into a design-build agreement related to the expansion project with Nelson Engineering Co.

Lake Area Corn Processors, LLC, Annual General Meeting, Apr 11, 2017

Lake Area Corn Processors, LLC, Annual General Meeting, Apr 11, 2017, at 12:00 US Mountain Standard Time. Location: 1407 NW 2nd Street West Highway 34 Madison South Dakota United States

Lake Area Corn Processors, LLC, Annual General Meeting, Apr 05, 2016

Lake Area Corn Processors, LLC, Annual General Meeting, Apr 05, 2016, at 13:00 US Mountain Standard Time. Location: Nicky's, 1407 NW 2nd Street West Highway 34 Madison SD 57042 United States Agenda: To elect two managers to the board; and to transact such other business as may properly come before the 2016 annual meeting or any adjournments thereof.

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