The partnership agreement will be in effect for 10 years with a revenue sharing of 80% to ICE and 20% to Global Earth.
ICE president and CEO Jim Zook said that the joint venture will have estimated gross revenues of $80m per year for a total revenue of $800m for the life of the agreement with a gross revenue value to Global Earth of $160m.
ICE was created to serve the ethanol manufacturing industry from initial concept and design through construction, marketing, operations and processes.
