ICM lands new contract in Paraguay for evaporator and dryer system

In Kansas, ICM, Inc. announced it has signed a contract with Industria Paraguaya de Alcoholes S.A. (“INPASA”) for sale of an evaporator and dryer system at its plant in Nueva Esperanza, Paraguay. INPASA was founded in 2006 to produce fuel ethanol derived from several feedstocks including sorghum, corn, and sugarcane. INPASA’s plant in Nueva Esperanza produces approximately 400,000 liters of ethanol per day, and is the largest producer of sugar and maize-based ethanol in Latin America.

ICM has previously fulfilled other contracts in 2012 for INPASA related to engineering services and other value-added products. Following a successful deployment of ICM’s engineering and corn oil recovery system technologies, INPASA purchased the evaporator and dryer system which is estimated to be installed by the second quarter of 2014.