Biotech Company Targets New England to Launch Ethanol Production

Boston, Massachusetts [AP] New England is a long way from the hub of the nation’s ethanol production in the Corn Belt, but a fledgling maker of the clean-burning fuel additive sees the nation’s northeastern corner as fertile ground for its expansion plans. Xethanol Corp. said Friday that it hopes to use some of the $34 million it recently raised from investors to convert abandoned industrial plants in New England into small-scale factories. The plants would be among the first ethanol production sites on the East Coast, and would supplement two existing Xethanol plants in the Iowa towns of Blairstown and Hopkinton. …
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