North Carolina biofuel meltdown as all but two development projects closed down

In North Carolina, only two biofuel projects are still moving forward after a series of cancellations due to financing issues have stymied North Carolina’s drive for biofuels leadership. The Clean Burn Fuels 100 Mgy corn ethanol plant and a small ethanol plant in Robeson County by Solv-It Technologies are still in progress, while Xethanol, East Coast Ethanol, and Agri-Ethanol all canceled projects due to inability to raise funds. Last August, Virgina Atlantic sued Agri-Ethanol over a $209,000 loan.

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