Absolute Energy, LLC
1372 State Line Road St , Ansgar, Iowa, United States

The mission of Absolute Energy, L.L.C. is to secure the economic future for our communities and investors by Increasing economic development in our local area;  Adding value to local corn production;   Seeking to provide a return on investment for investors; and Reducing our country's dependence on foreign oil.  We are committed to being a good neighbor in our communities and creating a positive environment for our employees.  September 2005:  Rick obtained options on six properties, from Osage, Iowa to Lyle, Minnesota.  January 2006: Mitchell and Mower counties offered incentives and the board members chose to go with Mitchell County.  March 4, 2006:  The required amount of capital was raised to proceed with the project.  April 2006:  First well was drilled with excellent volume and quality.   June 2006:  Major dewatering system was installed.  Had first full board meeting with all board members attending.  July 11, 2006:  Escrow closing.  July 15, 2006:  Began dirt work.    August 9, 2006:  Things are proceeding well, currently we are ahead of schedule.    August 18, 2006:  Loan closing with Home Federal and AgStar  August 24, 2006:  Groundbreaking celebration   September 5, 2006:  Fagen, Inc. arrived  September 7, 2006:  Drilling was completed for third well (Well # 1:  360 feet deep, Well #'s 2 and 3:  442 feet deep)  September 20, 2006: Notice to Proceed was sent to Fagen, Inc.  November 29, 2006:  The project is ON SCHEDULE:  3,250 yards of concrete have been poured with 55 employees on site  February 2007:  Hired grain merchandiser   May 31, 2007:  Moved office to plant site  June 5, 2007:  First board meeting at new office  July 2007:  Hired plant manager  October 11, 2007: First truck of corn across scale  December 3, 2007:  First day of employee training  February 12, 2008:  First grind at 8:15 a.m.  March 3, 2008:  Loaded first rail car with ethanol  March 5, 2008:  Loaded DDGS  March 12, 2008: Received first payment for ethanol