Ribbon Cutting Next Week For Laurel BioComposite
Posted: 20 September, 2013
LAUREL, Neb. - The City of Laurel, along with Laurel BioComposite, LLC and Laurel Economic Development, are pleased to announce the Ribbon Cutting Ceremony for Laurel BioComposite.
The Ceremony will be held at the Laurel BioComposite Plant, 504 W. Industrial Road, Laurel, NE 68745, on Wednesday, Sept. 25, 2013 at 3:30 p.m. Further, the aforementioned parties are excited to note that Nebraska Governor Dave Heineman and Nebraska State Director Maxine Moul, USDA Rural Development, will be the featured guest speakers for the event.
Laurel BioComposite, LLC was formed to commercialize a new product, Bio-Res™, for use in the plastics industry. Bio-Res™ Pellets are a corn-based resin, which is 75 percent bio-based. The bio-material is available in pellet form which blends easily with polyethylene, polypropylene, or other plastics. Bio-Res™ Pellets are made by converting distillers grain, a by-product of the ethanol process, into a product that can replace traditional petroleum-based resins in a variety of plastics manufacturing processes.
In 2012, a 20,000 square foot building was constructed in Laurel’s Northwest Industrial Park for Laurel BioComposite. Through 2013, the company has installed their Phase I and Phase II production lines, as well as their lab and office facilities. Phase I production became operational in July 2013 and is expected to produce 7 million pounds of product annually. Laurel BioComposite hopes to have the Phase II production line operational in January 2014 and it will be capable of producing 48 million pounds of product each year. Currently, Laurel BioComposite has seven employees.
The City of Laurel has made a commitment to Laurel BioComposite through infrastructure improvements in the Industrial Park. Industrial Road was repaved through a Community Development Block Grant that partnered with the State of Nebraska, the City of Laurel, and Laurel BioComposite. Further, the City invested $1.9 million to build a 69,000 KVA Transmission Line and 10 Megawatt Substation that will serve both Laurel BioComposite and the City of Laurel.
If there are any questions, please feel free to contact Annette Junck (402.256.9053) or Luke Virgil (402.256.9614).