Bankrupt ethanol plant purchased

Apr 23, 2008 | Posted by: Ted Connolly | Full story: www.hoinews.com

The bankrupt ethanol plant in Canton has a new set of owners. Bankruptcy attorney Barry Barash says a consortium of banks led by a New York bank has purchased Central Illinois Energy for $80 million.

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1 - 12 of 12 Comments Last updated Oct 15, 2008
OH NO

Rushville, IL

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#1
Apr 24, 2008
 

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Word around this area was that they sold it back to the same company that filed for bankruptcy.
Anyone else hear this?
Yikes

United States

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#2
May 5, 2008
 

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sounds like a scam
tarp walker

Canton, IL

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#3
May 6, 2008
 

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sounds true to me it is Fulton county
broke

Pekin, IL

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#4
May 11, 2008
 

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tarp walker wrote:
sounds true to me it is Fulton county
This is the good ol USA for ya..........build a multi million dollar facility and not even open it!!!!!!!!!!
tarp walker

Canton, IL

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#5
May 15, 2008
 

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I work for cargill grain my former facility received the rotten grain from the plant which tore up alot. that plant should have never been. I live near the plant and my water bill skyrocketed during construction and still during its non operation is way to high. ethanol is a scam it does no benifit to our environment and can be substainable with high corn prices.
ED Kewanee il

Washington, IL

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#6
Sep 12, 2008
 

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tarp walker wrote:
I work for cargill grain my former facility received the rotten grain from the plant which tore up alot. that plant should have never been. I live near the plant and my water bill skyrocketed during construction and still during its non operation is way to high. ethanol is a scam it does no benifit to our environment and can be substainable with high corn prices.
Your an idiot tarp walker. Probably one of those arabs making all the money off of gas
tarp walker

Canton, IL

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#7
Sep 22, 2008
 
NO not really but good concept if you believe that subsidizing farmers for a bankrupt plat that has no way of storing grain because Anderson grain who owns storge rights at the sight will not sell grain to the facility and no EPA cerifications This plant is a bigger joke than the Bush administration. Really the emmissions from this plat will produce way more CO2 than it conserves. there is a agricultural crisis coming it might actually be worse than the banking situation then when we bail them out then what print more money, Have China call our loans good idea about as good as ethanol.
Concerned Parent

United States

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#8
Sep 22, 2008
 
ethanol along with gas prices are all a joke. It is driven by demand...In 1993 cars were getting 40 to 60 mpg. the Government stopped this and lowered the mpg that dealers could make. Thus keeping the demand for crude oil and gas prices up. They added ethanol to have another market to go side by side with that didn't lower the effects of the gasoline, that they could control and make more money from.
I know the technology is out for have a car that can function more efficiently on gasoline and or electricity, but until the corruptness of government is in check it will be a long time before the general public get this. Bad loans, bankruptcy, underhanded deals between corrupt people is never the answer.
NAMVETCAV6768

United States

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#9
Sep 30, 2008
 
Three words ----- Drill! Drill! Drill!

Ethanol was a scam from the get go & natural gas is the best option @ present.

Actually, it doesn't matter 'cause, whatever our future options prove to be --- THE FREEKIN' POLITICIANS WILL SCREW IT UP!!
Just me

Pekin, IL

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#10
Oct 3, 2008
 
Are they still going to build a Ethanol plant here? I am hoping not!!Anybody know??
tarp walker

Canton, IL

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#11
Oct 5, 2008
 
there is already a plant in Pekin, Avantine.
dave

Pekin, IL

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#12
Oct 15, 2008
 
it will probably go under again

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