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ND ethanol industry sets up promotion fund

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FARGO (AP) -- North Dakota's ethanol industry is setting aside a slice of its production revenues to set up a new promotional fund.

Gov. John Hoeven and a number of ethanol industry officials announced the plan Wednesday in Fargo.

North Dakota ethanol manufacturers will set aside three-hundredths of 1 cent for every gallon of fuel they produce. The assessment will go to the new North Dakota Ethanol Council for industry promotion and market development.

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