The U.S. Bankruptcy Court for the District of Delaware has approved the proposed auction of ethanol plants by South Dakota-based VeraSun Energy. The auction will now take place on March 16.
Under rules approved by Judge Brendan Shannon, Valero Energy Corp. of San Antonio will open bidding for five of VeraSun's ethanol plants at $280 million.
http://www.farmfutures.com/ME2/dirmod.asp?sid=CD26BEDECA4A4946A1283CC7786AEB5A&nm=News&type=news&mod=News&mid=9A02E3B96F2A415ABC72CB5F516B4C10&tier=3&nid=6F06076C6EE14889853EB93435486668
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Wisconsin's Ethanol Boom Sputters, Stalls
http://www.dtnprogressivefarmer.com/dtnag/common/link.do?symbolicName=/ag/blogs/template1&blogHandle=ethanol&blogEntryId=8a82c0bc1f3e98a0011fa43405c80443
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Evansville Biodiesel project halted
Two years ago, Gov. Jim Doyle announced $250,000 in public infrastructure improvements to support a biodiesel plant planned for Evansville, in Rock County. The plant would have turned soybeans into a diesel-fuel additive and would have created about 56 jobs.
A few months after the announcement, construction of the North Prairie Productions plant came to an abrupt halt because of rapidly rising soybean costs and the decision by a bank to withdraw its loan commitment.
Investors received 35% to 50% of their money back, and the project's assets are being liquidated. "Long term, I think biodiesel is still a viable business. But it's tough now," said Mike Robinson, North Prairie president.
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Some places (Just in Wisconsin) where plans for ethanol plants have been canceled or placed on hold:
Dover, in Racine County
Arena, in Iowa County
Belmont, in Lafayette County
Sparta, in Monroe County
Reedsburg, in Sauk County
Wisconsin Rapids, in Wood County.
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Under the "SkunK has 'No Comment' Section"
Muslim cleric decries biofuels as sinful
http://www.cleantech.com/news/4196/muslim-cleric-says-biofuels-are-sin
SkunK
Tuesday, February 24, 2009
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