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.