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Re: ethanol plant failure


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Posted by CASELAILP on February 05, 2008 at 21:15:47 from (12.217.8.170):

In Reply to: Re: ethanol plant failure posted by oleblu on February 03, 2008 at 07:45:56:

Hey oleblu, I am not sure who you are trying to defend, but 100% of the downfall of this plant was some of the people listed in that article. The bad news is that they took a lot of farmers with them. If these people wouldn’t have had their heads “in the sand”, the plant would have been up and running with 74 million gallons of ethanol by 2006, instead of just breaking ground. These factors you listed have no bearing on the outcome, when the cause of the problem was that none of these people had any idea how to start or run an ethanol plant. They knew how to get money together and that was it. The first thing they should have done was hired someone that knew how to get this off the ground and they didn’t. Had they not have jacked around so long, they could have built the plant for 50 to 70 million, instead of spending twice that for 90% of a plant. This whole thing was doomed by 2003 not 2007. The big names in the article deserve what they got, or lost I guess. They would have been the first ones to line their pockets if things had worked out.


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