Xethanol, Pfizer arrange Georgia plant purchase

By | August 01, 2006
Xethanol Corp. subsidiary CoastalXethanol LLC signed a letter of intent with Pfizer Inc. to purchase an Augusta, Ga.-based manufacturing facility owned by the drug maker. Nearing press time, the deal had yet to be finalized. According to Xethanol, the site is 40 acres, on which a manufacturing facility, warehouse, lab and office accommodations exist. CoastalXethanol's intentions for the facility include a 35 MMgy cellulosic ethanol plant.