Range Fuels sells cellulosic ethanol plant to LanzaTech
Range Fuels Inc. sold its cellulosic ethanol plant in Soperton, Georgia for $5.1 mln to LanzaTech from New Zealand as part of a government-approved liquidation.
Cellulosic ethanol is on track be cost competitive with corn-based ethanol by 2016, a development that could drive the fuel's production, according to an industry survey conducted by Bloomberg New Energy Finance.