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Epitome Energy says permits and offtake contracts secured; city accepts EDA grant to rebuild Seventieth Avenue North
Summary
Epitome Energy told the council it has secured air permits and offtake agreements and is negotiating equity; the council accepted an Economic Development Administration grant to reconstruct Seventieth Avenue North and will likely amend a financing inducement next week related to Epitome's bonding request.
City and project representatives updated the Grand Forks City Council Jan. 27 on progress for the proposed Epitome Energy soybean crush facility and the city accepted an Economic Development Administration grant to rebuild Seventieth Avenue North.
Dennis Egan of Epitome Energy told the council the project has secured its air permit and off‑take agreements for soybean meal and oil with national buyers, and that the developer has signed six nondisclosure agreements with prospective equity partners now conducting due diligence. Egan said the company’s current priority is securing equity partners and ensuring any investors comply with state and federal…
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