Equity drives for biodiesel plants in Missouri are going well, according to the Missouri Soybean Association.
Paseo Biofuels is getting close to half of the $24 million it is raising for a biodiesel plant in Kansas City, Mo., to be owned by Missouri farmers and Cargill. (see previous post) So far, more than $10 million in shares has been committed.
Meanwhile, the equity drive for Heartland Biodiesel, (see previous post) is reported to be progressing well and organizers anticipate closing it in the near future. That 30 million gallon a year plant proposed for Rock Port, Mo. is allowing non-producers to invest as well.