BioTown still dependent on grid 8 years later Daniels had set a goal of Reynolds becoming energy self-sufficient, using corn, soybeans, manure and other renewable energy sources. Magnetation, a Grand Rapids, Minn.-based company, announced in November it was planning to build a nearly $350 million iron ore pellet plant at the site where construction of an ethanol plant was suspended five years ago when the U.S. economy slowed. The pellet plant will turn iron ore concentrate, mined in Minnesota and shipped by rail, into iron pellets for use in automotive steel production. The original ... Read More