Ohio ethanol project returns money to investors

By | October 01, 2002
The only northwest Ohio ethanol project that appeared to be active returned all of the money it collected to investors in mid-October, ending hopes of taking advantage of a state tax credit signed into law in March. Northwest Ethanol, LLC returned 1.7 million to 140 investors. That was 14 percent of the $12 million that the group needed to collect to go forward with the project. However, someone very close to the project said the plant will eventually be built - possibly even larger than previously planned.