Unity Ethanol and Cedar River Ethanol announce merger, new entity to produce 100 Mgy of ethanol

In Iowa, Unity Ethanol and Cedar River Ethanol have announced a merger. The development-stage company created by the merger is projected to produce 100 mgy of corn ethanol. The 100 Mgy figure has been recently discussed as a minimum production output for a company to be a viable player in the ethanol business over the long-term. The consolidation comes as the industry struggles in the current credit conditions to find fresh capital for new plants and expansions.

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