Financing for new ethanol plants continues to become more difficult, with cancellations and delays becoming a norm, while a partner at Baker & McKenzie described some plants as “under death watch”
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VeraSun Energy stops construction on Indiana plant; cites low ethanol pricesVeraSun Energy is suspending construction of its 110 Mgy corn ethanol plant in Reynolds, IN due to the fall in ethanol prices. The company said it would restart construction in 2008.
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Alchem ethanol plant in North Dakota shuts down: low ethanol prices blamedThe Alchem ethanol plant in Grafton, ND to shutting down due to low ethanol prices. Alchem makes about 10.5 million gallons of ethanol a year and 33,00 tons of livestock feed, using about 3.8 million...
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Today in Biofuels Opinion: “When Wall Street firms started investing their own money in renewable energy companies, they left ethanol far behind.”The Toronto Globe and Mail: "Cheer up. The market crunch has produced some good news too. Here's one: The ethanol producers' lush, green fields are turning into Death Valley. An industry that should n...
Liberty Renewable Fuels seeks private equity after small investor effort comes up shortIn Michigan, Liberty Renewable Fuels is reaching out to private equity investors after a drive to fund the 110 Mgy corn ethanol plant with small investor dollars came up short of expectations. Constru...
