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November 14, 2008 | Jim Lane | Comments 0

Commonwealth Renewable Energy delays 110 Mgy corn ethanol project in Pennsylvania

In Pennsylvania, Commonwealth Renewable Energy announced that it is delaying its 110 Mgy corn ethanol project in East Huntington due to financing difficulties. The company originally proposed a 174 Mgy capacity when the project was announced in 2006, but scaled back as ethanol overcapacity became apparent. A spokesman for the Renewable Fuel Association told Pittsburgh Live that the plant’s cost would be expected to be in the $250 million to $275 million range based on current costs for materials and labor, but said that the financing issues for ethanol construction were a function of the economic crisis and would be expected to ease.

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