Largest US Biodiesel Plant Is For Sale
Posted on June 25, 2009
The nation’s largest biodiesel refinery went on the block this week for an undisclosed price after the owner shut down the $70 millionfacility in the face of low demand.
In a sign of the recession trumping policy talk in Washington and elsewhere, GreenHunter Energy Inc. (GRH) said it plans to sell the 105 million gallon-a- year plant by Nov. 15 as it moves to meet roughly $50 million in financing obligations with a key lender.
All this comes less than a year after the June 2008 plant opening on the Houston ship channel that was attended by Texas GovernorRick Perry, who heralded the project as a path toward the future
» Filed Under Biodiesel
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