- More Alternative Energy Investing News

2 weeks a go, I posted on alternative investment opportunities that dealt primarily with alternative energy. In a related note, earlier today VeraSun, who happens to be the U.S.’s 2nd largest producer of ethanol, announced they would be boosting their annual ethanol production capacity by 330 million gallons through the acquisition of 3 plants in Nebraska, Ohio, and Indiana. To fund the transaction, they’ll be giving the purchasee, ASAlliances BioFuels LLC, a $200 million equity stake, and chipping in $250 million in cash to go with $275 million in project financing.
The 3 ethanol plants are yet to be on-line, but by the time all three are producing at full capacity, projected to be early in Q1, 2008, VeraSun’s total ethanol production should be about 1 billion gallons per year. The news of the acquisition comes soon after VeraSun’s (VSE) 52 week [...]

Original post by debtblog

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