Report: Range Fuels to Shut Down Plant
by Ucilia Wang (Earth2Tech/Reuters) The bad news about the layoffs at cellulosic biofuel maker Range Fuels just got worse. The financially-strapped company plans to shut down its plant in Georgia after making just one batch of ethanol, according to a post by Georgia Public Broadcasting.
The story quoted Bud Klepper, who’s not only Range Fuels’ technical advisor but also the original founder of the company that became Range Fuels (previously called Kergy). Klepper told the publication that Range Fuels is laying off most of its employees at its plant near Soperton, Ga, after it makes a single batch of ethanol, and the company will shut down the plant while it tackles technical problems and raises more money.
…Range Fuels company spokesman Patrick Wright told us earlier this week that the company was letting go “a handful of people in Colorado and Georgia,” but he declined to disclose the number or reasons. Wright also said the company plans to meet a 2011 production goal set by the U.S. Environmental Agency. READ MORE