Ethanol plant planned near Monroe City

MONROE CITY, Mo. (AP) -- A Missouri company said it intends to build an ethanol plant in Monroe City, although it has not yet picked a specific site.

Gulfstream Bioflex Energy, based in Mount Vernon, announced its plans Wednesday in a news release. Greg Wilmouth, president and chief executive officer of the company, said Monroe City offers access to rail, natural gas, a work force and markets for the plant.

The company said the proposed $220 million plant would bring between 55 and 65 permanent jobs to the northeast Missouri town. Once the site is chosen and construction begins, it would take about 16 months before the plant is operational, the company said.

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Information from: Hannibal Courier-Post, http://www.hannibal.net