IHS Chemical Week

Markets :: Alternative Fuels :: Bioethanol

Sunoco Acquires Ethanol Manufacturing Facility

8:46 AM MDT | June 16, 2009 | Deepti Ramesh

Sunoco says it has completed the acquisition of a 100 million gals/year ethanol manufacturing facility at Volney, NY from Northeast Biofuels (Fulton, NY) for $8.5 million. Sunoco says this purchase is a first step into alternative fuels, an area of possible growth for the company that it will continue to evaluate. The facility is expected to supply about 25% of Sunoco’s ethanol...

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