In Florida, the TCPalm newspaper reports that after Alliance Bioenergy’s plans to buy the former INEOS Bio plant in Indian River fell through despite an $8 million financing offer from the USDA, a consortium of investors from half a dozen states came together under the leadership of David Frankens with the newly incorporated Frankens Energy […]
In Florida, Alliance Bio-Products reports receiving approval from the USDA Office of Rural Development for the collateral purchase of the 8 million gallon cellulosic ethanol plant originally built by INEOS New Planet Energy JV, and operated intermittently between 2012 and 2015 as INEOS sought to stabilize and demonstrate the technology, hoping to build a chain of […]
In Florida, Alliance Bio-Products, Inc., a subsidiary of Alliance BioEnergy Plus, Inc. announced it has received approval from the United States Department of Agriculture (USDA) Office of Rural Development for the collateral purchase of the closed ethanol facility in Indian River County, Florida. The approved purchase includes the fully functional plant, 143+ acres that the […]
In Florida, Alliance Bioenergy announced its filing of a Regulation D (506(c)) offering with the U.S. Securities and Exchange Commission (SEC). The purpose of the filing is to secure funds through accredited investors for the purchase of the INEOS bioethanol plant in Southeast Florida that would enable the Company to increase production capacity and profitability […]
In Florida, Alliance BioEnergy Plus announced that it has submitted an offer to purchase a 145+ acre ethanol plant previously owned by INEOS New Planet Bioenergy in Vero Beach, FL. If successful the Company will begin to retrofit the front end of the facility immediately with its patented CTS process and quickly be converting local […]
In Florida, Indian River County has agreed to go ahead and give Alliance Bioenergy the mulch contract that belonged to INEOS if it buys the facility it recently bid on following a unanimous vote by county commissioners to extend the contract by 90 days. The contract is currently expected to expire in March and was […]
In Florida, Indian River County has provided Alliance Bioenergy some assurance that it would be granted INEOS’ yard waste supply contract should the bank controlling the facility approve the offer made to purchase it by proposing a 90-day extension on the contract past its expiry in March. Alliance says it will be financing the project […]
In Florida, Alliance Bioenergy says it would be willing to come in and take over the closed INEOS plant and adapt its patented technology to the facility and get it back online quickly if the yard waste contract comes along with the deal. The company submitted an offer last week to Arbor Bank who currently […]
In Florida, the TCPalm newspaper has reviewed thousands of documents resulting from a Freedom of Information Act request investigating why INEOS closed its yard waste-to-ethanol facility eight years after starting and after receiving $129 million in public funding. The facility closed on January 2. The investigation showed that 97% of the funds had few strings […]
In Florida, INEOS Bio is putting its $130 million 8 million gallon per year demonstration facility up for sale, though it hasn’t said why or how much it’s asking for. The plant has produced ethanol from a wide range of waste feedstocks from yard clippings to pallet wood waste. The facility is thought to have […]
