BINGHAM LAKE, MN

SMA, LLC Overview


History:
SMAC (Southwest Minnesota Agrifuels Cooperative) was a new generation, value-added cooperative that was incorporated on May 10, 1994. The purpose of forming the cooperative was to design, finance, acquire a site, construct, own, operate and maintain a dry mill fuel ethanol plant.

In March of 1996, a limited liability partnership was formed between SMAC and POET. This partnership, with SMAC as the majority owner, is called POET Biorefining - Bingham Lake. At that time, SMAC became a closed cooperative with 256 members.

We completed a 2.5 for 1 share split on January 1, 2008 increasing the number of outstanding shares from 2,019,000 to 5,047,500.

On May 1st 2009, SMAC converted to a Limited Liability Company (LLC) for tax purposes and eliminated the corn commitment of the members.

Today:
The new entity is called Southwest Minnesota Agrifuels, LLC (SMA, LLC) and now has approximately 270 members. The partnership with POET has continued throughout the conversion process and will be strong into the future.





Vital Magazine Online

Want to stay connected? Get the latest news & information directly from POET through our print and online magazine, Vital - the Essential Perspective.   learn more >>




Board of Directors

President

Stan Lohrenz
50668 350th St.
Bingham Lake MN 56118
507-678-2907
slohrenz@federatedwildblue.com

Treasurer

Mel Wojahn
35677 US Highway 71
Windom MN 56101
507-831-3576

Member

Brent Imker
39808 210th St.
Lamberton MN 56152
507-752-1697
lambertonlamb@yahoo.com

Vice President

Robert Ewert
35380 520th Ave.
Bingham Lake MN 56118
507-678-2221
rewert@swwnet.com

Secretary

David Ringkob
59341 860th St
Alpha MN 56111
507-847-4507
rfarms1@yourstarnet.net

LLC Manager

Dan Kelly
40212 510th Ave.
Bingham Lake MN 56118
507-831-0063 Ext. 20216
dan.kelly@poet.com

W