INEOS Says Advanced Biofuel Plant is on Schedule

Cindy Zimmerman

Contrary to recent media reports, INEOS Bio officials say the joint venture facility in Florida to produce advanced biofuels from waste will start on time next year.

“Things are progressing well and are on-track at the Vero Beach site,” said Peter Williams, Chairman of INEOS New Planet BioEnergy and CEO INEOS Bio, in a statement. “As is the case with all major projects as complex as this, elements will change but this does not change our expected start date. The plant remains scheduled to be commissioned in mid 2012. When completed it will produce eight million gallons of bioethanol per annum and six megawatts (gross) of renewable power from local yard, vegetative and household wastes.”

INEOS officials note that recent articles which have focused on a change in the phasing of recruitment for the project and the necessary administrative steps taken in respect of grant funding with Indian River County, should also have stated that this has no bearing on the completion of the project, which remains on-track to be complete in April 2012. The company, which received a $75 million government loan guarantee, officially broke ground on the new facility in February of this year.

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