Advanced Biofuel Developer to Buy Minnesota Ethanol Plant
(Brighter Energy) Gevo, the biobutanol technology developer based in Colorado, looks set to acquire an ethanol production plant in southwest Minnesota to use as a base to commercialize its process.
The company has signed definitive agreements to acquire the Agri-Energy ethanol facility in Luverne, Minnesota.
As soon as the deal is closed, the plant will be retrofitted with mechanical systems to convert from ethanol to isobutanol production, although during the retrofit process the facility will continue to produce ethanol.
Gevo said it is expecting isobutanol production to begun by the first quarter of 2012. READ MORE