Sunday, December 11, 2011

Mascoma Ethanol Plant in Kinross to Open in 2013

This hasn't been reported in Michigan yet that I've seen. The wood-to-ethanol plant in Kinross has been planned for over three years, recession and delays with the DOE holding up progress until now. Apparently all the funding issues have cleared up, and it's back on track again.

Valero Energy Corp., an independent U.S. oil refiner that owns ten corn-based ethanol plants, agreed to provide the majority of financing for a Mascoma Corp. plant in Michigan that will convert wood to ethanol.

Mascoma expects construction on the the $232 million plant to begin within six months and to be complete by the end of 2013, the Lebanon, New Hampshire-based biofuel company said today in a statement.

Wonder if Snyder will show up to take the credit. Anyone want to place a bet?