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?