The Bigger they are . . . The harder . . .

Ethanol Plant Designer Delta-T Head to Auction Block

Hit by lawsuits and a tough corn-ethanol economy, ethanol plant designer Delta-T goes to auction next week, according to the Virginia Gazette in Williamsburg, Va.

The auction represents what has been the fastest collapse of any business in the long history of greater Williamsburg, the Gazette said. In 2007 energy company Bateman Litwin purchased Delta-T from its founders for $45 million.

Delta-T's focus increasingly turned toward filing and defending litigation, as lawsuits are pending in Williamsburg-James City, York-Poquoson and federal courts.


The auction is scheduled for Friday starting at 11 a.m. outside Delta-T.

(Virginia Gazette, Jan. 23, 2010)

DTN: In recent months it was announced that ICM Inc., one of the nation's largest ethanol plant designers, was shifting its focus to biomass-related projects. Prior to that shift ICM made significant cuts to its staff during the economic recession. That came about because the number of corn-ethanol construction projects is down to a trickle. Banks are hesitant to finance more corn ethanol projects, and banks are not excited to fund cellulosic-ethanol projects at this point. (Todd Neeley)

SEE it all HERE
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Is there a lesson here somewhere?  No, Todd Neely's last paragraph did not say "In a completely unrelated story . . ."
SkunK
Thanks to a reader for the insight
Sometimes History is full of lessons.
The rise and QUICK fall of an Ethanol Plant Building Icon
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http://ethanolproducer.com/article.jsp?article_id=4551&q=Bateman&category_id=41