Dial Energy abandons 100 Mgy corn ethanol project in Illinois over feedstock, financing issues

March 18, 2008

In Illinois, Dial Energy has abandoned plans to construct a 100 Mgy corn ethanol plant in Abingdon, citing high feedstock prices and financing difficulties. The company originally projected to commence construction in 2006 on the $200 million project.

Central Illinois puts 37 Mgy plant up for sale after financing efforts fail; project more than $120 million over initial $40 million budget

Central Illinois Energy has put its 37 Mgy Canton, OH ethanol plant up for sale after failing to secure $30 million in additional funding. Credit Suisse, the lead bank among the lenders, is reportedly...

Illinois River Energy to construct $120 million, 50 Mgy corn ethanol plant

In Illinois, Illinois River Energy announced a plan to construct a $120 million, 50 Mgy corn ethanol plant in the town of Oregon. The announcement represents one of the first Midwest-based new corn et...

Kansas green-lights 124 Mgy Dial Energy ethanol plant

Kansas Department of Health and Environment Secretary Rod Bremby approved construction of Dial Energy's 124 Mgy corn ethanol plant in Dodge City. Kansas ethanol development has slowed. Sunflower El...

100 Mgy corn ethanol plant in Illinois closes financing, ready to commence construction

In Illinois, One Earth Energy has closed its financing for its 100 Mgy corn ethanol plant in Gibson City. Construction will commence this month, and the plant will commence operation in July 2009. ...

Construction firms file $20 million in liens against Central Illinois Energy as ethanol shakeout continues

In Illinois, construction firms filed $20 million in mechanic's liens against Central Illinois Energy, which owns the Canton, IL ethanol plant. The liens were filed after non-payment of construction a...

115 Mgy AE Biofuels corn ethanol plant delayed in Illinois, as seven IL projects delayed or dropped

In Illinois, seven ethanol plants are currently in limbo or delayed in the central part of the state due to deteriorating market conditions, but AE Biofuels confirmed that it is moving forward with a ...

Written by Jim Lane · Filed Under Producer News