Iowa biofuels start-up stops repaying grant funds

June 9, 2014 |

In Iowa, AgSugar International—later known as Vertecra—has stopped repaying the $600,000 in grants it was awarded in 2011. The company had agreed to re-pay the grants after the two biotechnology machines it developed for ethanol production failed to work. The last check sent to the Iowa Economic Development Authority bounced in November.

 

Category: Fuels

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