AgriEnergy eyes U.S. biofuel market

By | January 10, 2008
Aussie biofuel producer AgriEnergy Ltd., formerly Australian Ethanol Ltd., has sold its Swan Hill ethanol project in Victoria, Australia, for $1 million due to unfavorable market conditions. Instead, it has inked refinancing deals that will enable its wholly owned subsidiary U.S. Canadian Biofuels Inc. to complete its 60 MMgy biodiesel project in Beatrice, Neb. The facility was under construction at press time but is expected to be fully operational in February, according to U.S. Canadian Biofuels CEO Bud Cummins.