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Author: pauleckler Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 18403  
Subject: Lanza Tech buy bk Range Fuels Soperton GA plant Date: 1/16/2012 1:40 PM
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http://cen.acs.org/articles/90/i3/LanzaTech-Buys-Range-Fuels...

Lanza Tech is to buy the bankrupt Range Fuels cellulosic ethanol plant (that never produced product) after tens of million invested including govt loan guarantees, and DOE grant money, and funds from venture capitalist Vinod Khosla.

The plant was acquired for $5.1M, far below its $40MM cost. Lanza acquired it for its location and will probably use alternative technology after evaluating potential of the equipment installed. Microbial conversion of syn gas to produce ethanol and 2,3-butandiol is the likely goal.
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