Algenol kills Florida commercial-scale plan after FL governor signs E10 ethanol repeal

June 17, 2013 |

In Florida, Algenol CEO Paul Woods told NBC that he plans to switch a $500M advanced biofuels project to Texas, New Mexico and Arizona — among other possible sites, after Governor Rick Scott signed a bill to repeal the state’s E10 ethanol mandate. Woods noted that his current 30-acre R&D facility in Lee County, Florida now employs 120 workers with an average salary of $98,000 per year, but the prospect of a major commercial project in Florida was not enough to tempt the governor, who said in response that he does not support mandates for targeted industries.

Lee County Commissioner Tammy Hall told NBC that “These are some of the outcomes that will affect other ethanol-type businesses and renewable energy businesses looking at Florida.”

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Category: Fuels

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