Valero eyes cellulosic ethanol with $477M VeraSun Buy
San Antonio, Texas-based refiner Valero Energy (NYSE:VLO) won a bankruptcy auction today to buy seven corn-based ethanol plants from VeraSun Energy for $477 million, plus additional working capital...
...Valero has already stepped into the cellulosic ethanol market by participating in a $34 million financing round for Lakewood, Colo.-based ZeaChem in January with Globespan Capital Partners and PrairieGold Venture Partners.
>> back to top