Biocatalysis Information and Commentary About Biofuels and Biotechnology
  • Bankrupt Ethanol Producer Sells Off Plants

    Mar 19

    Valero Energy will buy seven ethanol plants from VeraSun Energy for $477 million, the largest biofuel buyout in terms of production capacity. VeraSun, the country’s second-largest ethanol producer, filed for Chapter 11 bankruptcy protection in October. On Wednesday, a Delaware bankruptcy court approved the sale.

    We can expect to see more of this as would be ethanol producers are unable to obtain funding and go Chapter 11.

Leave a Reply

You must be logged in to post a comment.

Go Green at Amazon

E-Books Are Green–Get a Kindle