Fiberight Purchasing Shuttered Iowa Ethanol Plant for Cellulosic Ethanol Production
Fiberight Purchasing Shuttered Iowa Ethanol Plant for Cellulosic Ethanol Production
SUGAR LAND--September 10, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--Xethanol Biofuels LLC (New York, New York), a wholly owned subsidiary of Global Energy Holdings Group Incorporated (AMEX:GNH) (Atlanta, Georgia), announced that an agreement has been reached for the company to sell the assets of Xethanol's shuttered fuel ethanol plant located in Blairstown, Iowa. Fiberight LLC (Lawrenceville, Virginia) is purchasing the facility. The sales agreement includes the 25.5-acre tract of land, the warehouse and distribution facilities, and the 24,700-square-foot manufacturing facility. The sale price was not disclosed.
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