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Rex Invests $51M In Ethanol Plant
By Mr Ethanol | October 31, 2007
Bizjournals:
Rex Stores Corp. has invested $50.8 million for the construction of an ethanol plant now underway in Gibson City, Ill., Rex announced Wednesday.
In June, Rex (NYSE: RSC) reported it had entered into an agreement with One Earth Energy LLC, of Gibson City, to build the facility. Rex’s funding gives it about 74 percent equity ownership in One Earth.
Meanwhile, One Earth previously inked an agreement with Minnesota-based Fagen Inc., a green engineering firm that recently started construction of the plant, which has the capacity of producing 100 million gallons of ethanol each year…
Topics: Ethanol, Investing, News |
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