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Friday, December 04, 2009 9:45:48 AM
Huge companies buying up these plants for big bucks......."Oil giant Valero (VLO) purchased seven VeraSun plants earlier this year for $477 million in cash. Last month, a bankruptcy judge approved the $8.5 million sale of a Northeast Biofuels plant in central New York to big oil refiner Sunoco (SUN). Green Plains Renewable Energy (GPRE) paid $124 million to buy two ethanol plants in Nebraska from VeraSun.".......It must be because they see no future in ethanol or biofuels and have decided to throw their money away LOL. Luiten is going to follow the business plan for ZENG that INEOS used to become the 3rd largest chemical company in the world.
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