Northeast projects cease development

By | February 04, 2009
Pittsburgh-based Sunnyside Ethanol LLC has shelved plans to build an 80 MMgy ethanol plant in Aliquippa, Pa. The company had a property sales option to retrofit a tin mill building but allowed it to expire. Plans also called for an adjacent 24-megawatt coal-to-electricity generation facility to power the ethanol plant.

Meanwhile, "lack of working capital" forced Northern Ethanol Inc. to consider selling assets from its three proposed 108 MMgy ethanol plants in Ontario and New York to potential third-party buyers, according to a 10-Q form filed with the U.S. Securities and Exchange Commission in December. Northern Ethanol needed $688 million in equity and/or debt financing to complete construction of all three plants, the filing said.