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October 17, 2008 | Jim Lane | Comments 0

Greater Ohio Ethanol files Chapter 11 bankruptcy

In Ohio, the Greater Ohio Ethanol Plant has filed for Chapter 11 bankruptcy protection for its 54 Mgy corn ethanol plant in Lima. The company said that they hope to continue running while reorganizing. The crucial factor in the failure? A miscalculation of water use, with the plant using double its original projection of one millions gallons per day.


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