Fiberight buys Xethanol plant in Iowa
Domestic Fuel reports that Fiberight purchased the Xethanol LLC ethanol plant in Blairstown, Iowa. Fiberight plans to convert the facility into a cellulosic ethanol demonstration plant. The fuel will be produced through the conversion of municipal sold waste to ethanol. The company acquired Xethanol for $1.65 million and the conversion is estimated to be around $20 million.
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