Imperial County agrees to extend loan to California Ethanol & Power

May 20, 2019 |

In California, local press reports that Imperial County has agreed to extend the deadline for the $600,000 loan it provided to California Ethanol & Power with interim interest payments to be made due to circumstances that lead to delays in getting the project up and running. The company has had challenges securing sufficient finance to get the project operating but it expects to have all of its financing in order by fall. Some county commissioners voiced concerns about the lack of collateral behind the loan.

Category: Fuels

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