Bootheel Agri-Energy returns equity to investors as Missouri project financing fails; quiet on next steps

In Missouri, Bootheel Agri-Energy will return equity invested in the company to shareholders, with interest, after the project failed to obtain a required financing commitment by the expiration of the equity offering period. Plant management did not announce project cancellation, saying that SEC regulations did not permit them to comment fully on next steps for the venture.

Ethanol plant development in Missouri slowed to a standstill at the end of last summer. After boom conditions in recent years, no new plants were submitted or revised permit applications after July 2007, and none of the three pending, approved projects have been built. Renewable Power of Missouri and Ethanex are the other two stranded companies, in addition to Bootheel Agri-Energy,

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