antiguzzle
Sophomore Author
Wichita
Posts:237
Points:20,545
Joined:Mar 2012
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Message Posted: Apr 1, 2012 3:51:34 PM
W W W DOT bloomberg DOT c o m/news/2011-12-02/range-fuels-cellulosic-ethanol-plant-fails-as-u-s-pulls-plug.html
"Range Fuels Inc., a cellulosic ethanol company backed by as much as $156 million in U.S. loans and grants from President George W. Bush’s administration, is being forced by the government to liquidate its only factory after failing to produce the fuel."
"The closely held company, which counts Vinod Khosla, a venture capitalist and Sun Microsystems Inc. co-founder, as an initial investor, shuttered the factory in Soperton, Georgia, in January after not delivering on its promise to convert woodchips into ethanol, which was intended to help the U.S. become less dependent on foreign oil."
[Edited by: antiguzzle at 4/1/2012 3:52:12 PM EST]
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