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June 10, 2009
The sad story of biofuel implosion in the Northwest
Plenty of blame to go around. This Oregonian story captures the lowlights of the story. Industry did it’s part in building the biofuel plants including my part at Imperium Renewables. But the lack of consistent government policy, lack of enforcement of mandates, and shifting commodity markets caused on again off again markets. Without appropriate capitalization of the startups there was not enough money to make it through the bumps to the other side. That is the unfortunate story of Imperium, killed by lack of sufficient working capital.
Posted by Martin at June 10, 2009 1:21 PM
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