Bioethanol fans, I’m posting this in advance of its release on Panda Ethanol’s website. You’re seeing it in full, but please keep in mind my earlier posts about economics, aquifers and the amount of water this kind of plant will demand…. It is similar to one that VinodKholsa was talking about in Wired last month. (I’ve added the link to the map)
Panda Ethanol to Build 100 Million Gallon Ethanol Plant in
Cattle Manure Used To Fuel Plant
The Muleshoe facility will generate the steam used in the ethanol manufacturing process by gasifying more than 1 billion pounds of cattle manure a year. Once complete, it will be one of the most fuel efficient ethanol refineries in the nation and equal in size to Panda’s
The Muleshoe facility is the sixth 100 million gallon ethanol project announced by Panda, and the fourth to be powered by cattle manure. The company has received air permits for three of its six announced ethanol projects.
“This plant will significantly expand our ethanol production portfolio, strengthen the economy of the Texas Panhandle and enhance our nation’s energy independence,” said Todd Carter, chief executive officer of Panda Ethanol. “We are excited by the community’s support for this project and look forward to working with state and local officials in seeing it through to completion.”
Bailey County, Texas Judge Sherri Harrison said Panda representatives have been actively involved in the community since the beginning of the site selection process. “They have proven to be good neighbors in working with the Muleshoe community to bring ethanol production to
“This facility will have a tremendous economic development impact on Muleshoe and
Panda’s ethanol refinery will be located on a 305-acre site eight miles northwest of
Panda Ethanol previously announced that it successfully completed the debt and equity financing on its 100 million gallon ethanol plant in
About Panda Ethanol
Panda Ethanol is headquartered in
This notice shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state.
Safe-Harbor Statement — Except for the historical information contained herein, the matters set forth in this news release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Panda Ethanol intends that all such statements be subject to the “safe-harbor” provisions of those Acts. Many important risks, factors and conditionsmay cause Panda Ethanol’s actual results to differ materially from those discussed in any such forward-looking statement. These risks include, but are not limited to, the ability to complete construction of its ethanol plants, future prices for ethanol relative to the prices of gasoline, interest rates, product demand, transportation requirements and costs and the ability of Panda Ethanol to obtain additional capital to finance its initiatives. The historical results achieved by Panda Ethanol are not necessarilyindicative of its future prospects. In addition, new factors, risks and uncertainties may emerge from time to time. Panda Ethanol undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.