AE Biofuels secures funding for plant retrofit
Biofuels company AE Advanced Fuels Keyes’ wholly owned subsidiary AE Biofuels has secured over $4 million (€2.87 million) in funding from Third Eye Capital to retrofit and restart operations at its Keyes-based ethanol plant in California, US.
The retrofit is expected to be completed and the plant fully operational by Q1 2011.
The facility was originally opened back in November 2008 but was closed shortly after due to technical and market issues. March earlier this year saw AE Keyes take possession of the plant, for which it has signed a facility lease for up to three years.
The retrofit is expected to be completed and the plant fully operational by Q1 2011.
The facility was originally opened back in November 2008 but was closed shortly after due to technical and market issues. March earlier this year saw AE Keyes take possession of the plant, for which it has signed a facility lease for up to three years.
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