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Last update: 09.07.2011
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AE Biofuel restarts 55mgy ethanol plant
Source : biofuels-news.com
The ethanol subsidiary of biofuels firm AE Biofuels - AE Advanced Fuels Keyes - has resumed operations at its $130 million (€92 million) 55 million gallon a year ethanol production facility in Keyes, California, US. Cilion finished building the plant in November 2008 but it was closed in early 2009 due to "technical and market issues". In March 2010 AE Keyes gained possession of the facility after it agreed to a project agreement with Cilion, signed a facility lease for up to five years and funded $8 million of the financing to retrofit and restart the plant. Around 50 fulltime positions have now become available at the plant.
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17 May 2011 |
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