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Another Ethanol Plant Gets Cancelled
By Mr Ethanol | December 14, 2007
As Panda Ethanol cancels a regular ethanol plant in Nebraska, but continues building a manure-powered facility in Texas, analysts question whether financing for poop power will end up being more expensive.
Greentech Media:
Panda Ethanol on Wednesday confirmed it has canceled a 100-million-gallon ethanol plant it had planned to build in Wallace, Neb.
The plant is the second to be canceled in the state so far this month, according to the North Platte Bulletin, which mistakenly called the company Panda Energy, the name of its former parent. RAE also cancelled a plant near Gothenburg, Neb., on Dec. 5, according to the Bulletin.
And those announcements are part of a long line of delays and cancellations as ethanol companies find their margins squeezed between low market prices for the fuel and high prices for the crops used to make it (see Ethanol Margins Suffer, BioFuel Energy Halts Ethanol Plant, Ethanol Stocks Keep Falling and Ethanol’s Tough Times Continue). Read on…
Topics: Ethanol, Industry, Negatives, News |
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