BioEnergy International closes $61 million in ethanol plant financing

In Massachusetts, BioEnergy International closed $61.6 million in funding for its planned ethanol plant expansions in Louisiana and Pennsylvania. The investment was provided by Plainfield Asset Management, Camulos Capital, Itera Ethanol LLC, and Context Capital Management.

BioEnergy produces enzymes that break down biomass into ethanol, and expects to have its first Pennsylvania plant clear regulatory hurdles in September. The company is also constructing an R&D facility in Massachusetts.

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