Prosecutors: Man in biodiesel scam made death threats
Prosecutors say a suspect in a $90 million biodiesel scam in central Indiana made threats to harm or kill people who might give evidence against him.
Prosecutors say a suspect in a $90 million biodiesel scam in central Indiana made threats to harm or kill people who might give evidence against him.
The consequences from the ethanol era are so severe that environmentalists and many scientists have now rejected corn-based ethanol as bad environmental policy. But the Obama administration stands by it, highlighting its economic benefits to the farming industry.
Twenty of the nation’s ethanol plants have ceased production over the past year, including two in Indiana. There is growing concern about what happens if last year’s drought lingers through another corn-growing season.
A joint venture bought the New Energy Corp. plant at auction last week for $2.5 million. New Energy had hoped the auction would cover the company’s $54 million in debt. A large portion of that debt is owed to the U.S. Department of Energy, which guaranteed the original loans.
Eight years after being nicknamed Biotown USA, the town of Reynolds is as dependent on the energy grid as it ever was, and is likely to become more so.
High corn prices, large ethanol inventories, lower gas prices and lower fuel demand were factors cited for the shutdown.
Valero Energy Corp., the third-largest U.S. ethanol producer, has restarted distilleries in Nebraska and Indiana, as profit margins for the fuel improved.
Livestock and poultry producers formally asked the Obama administration Monday to suspend the nation’s renewable fuels standard because it is causing “severe economic harm” as corn prices surged to a record.
Indiana’s 13 plants distilling the automotive fuel ethanol could soon be sputtering as drought dries up the supply and boosts the price of corn, their main ingredient.
Waning demand for gasoline is putting the United States on course to miss a target for ethanol use for the first time, signaling no let-up in the slide in prices.
The Democrat and Republican running to replace Gov. Mitch Daniels spent most of their Tuesday morning talk with Indiana corn growers and ethanol producers outlining their similarities, starting with the fact that their campaign vehicles run on E85 ethanol blends.
The federal government announced Monday it has taken a step toward wide distribution of fuel containing 85 percent gasoline and 15 percent ethanol by allowing manufacturers to register as suppliers.
It looks like motorists, not ethanol makers, stand to feel the pain of a federal tax credit that expired at the end of last year.
An ethanol plant in South Bend is laying off about 25 percent of its employees this summer and the company that owns the plants is up for sale.
Current infrastructure for delivering the alternative fuel isn’t adequate to use all that the federal government says must be produced.
Aventine Renewable Energy is ramping up production at an ethanol plant in southwestern Indiana that is now operating after construction work was halted for more than a year.
Xylogenics claims its yeast strain, developed at the Indiana University School of Medicine, can increase yields and lower
costs of producing corn ethanol.
National Biofuels Distribution LLC, a subsidiary of Carmel-based Telamon Corp., signs two distribution contracts to expand
its distribution reach. The company began marketing its ethanol-based racing fuel, Ignite, about a year ago.
Poet LLC plans to reopen the former Altra Biofuels plant in nine months, creating as many as 45 jobs.
A firm that may have developed a breakthrough yeast for ethanol production has landed new investment and high-octane board
members. Two-year-old Xylogenics Inc. also says it plans to license its first bioengineered yeast later this year.