Investors to build $70 million cellulosic ethanol plant in Canada

In Canada, using research originating from the University of Guelph, the Sarnia-Lambton Industrial Partnership plans to invest $70 million cellulosic ethanol plant that would use 250,000 tons of corn stalks annually, about half of what’s available in the target area. Just a $20 per ton difference in feedstock can mean a 4.9% ROI or 15% ROI, which means local farmers providing feedstock will need to form a cooperative to participate in the plant and ensure the financials work.