BBI launches subsidiary, partners with Fagen

By | June 02, 2008
BBI International Inc. announced the formation of a wholly owned subsidiary BBI BioVentures LLC in April. The new company will develop and operate multiple cellulosic ethanol plants in the United States. Fagen Inc. will be BBI BioVentures' preferred engineering, procurement and construction contractor. "Fagen's ethanol plants operate flawlessly, and its experience is crucial to the success of BBI BioVentures," said Mark Yancey, vice president of project development for BBI International. Construction of the new company's first plant is scheduled to begin later this year with start-up to follow in the second half of 2009. Its capacity will likely be 4 MMgy to 5MMgy, but future plants could be as large as 20 MMgy.