East Coast Ethanol begins equity drive

By | January 03, 2009
East Coast Ethanol LLC launched its equity drive Oct. 14 at four locations chosen for 110 MMgy corn-based ethanol plants along the Atlantic Coast: Jackson, N.C.; Columbia, S.C.; Jesup, Ga.; and Carollton, Fla. Company Treasurer and Chief Financial Officer John Long said the equity drive is moving forward, although he admitted, "The timing of this probably isn't the best." Besides seeking farm and urban investors, the project has retained a London firm to seek Middle Eastern and Asian investors. The four projects are in varying stages of permitting and site acquisitions. Fagen Inc. and ICM Inc. have been named the design/build team.