US Ethanol Plant Bankrupt After Just 3 Months Of Production
The operator of a US ethanol plant in northwest Ohio is filing for bankruptcy protection.
The president of Greater Ohio Ethanol blames the current credit crunch and a flaw in the design of the plant near Lima, Ohio.
Gregory Kruger says the design flaw forced the plant to use much more water than planned, causing the company's water bill to go up much more than they expected.
The plant only began production in July after months of delay.
The president of Greater Ohio Ethanol blames the current credit crunch and a flaw in the design of the plant near Lima, Ohio.
Gregory Kruger says the design flaw forced the plant to use much more water than planned, causing the company's water bill to go up much more than they expected.
The plant only began production in July after months of delay.