UK-based hedge fund Future Capital Partners' subsidiary, Future Fuels LLP, has acquired a site and planning permission consent to build an ethanol plant near Grimsby in northeast England, according to a news release posted on HedgeCo.net.
Once completed the plant will produce ethanol, dried distillers grains, and sell carbon dioxide to the gasoline and soft drink industries.
Future Fuels signed a 15 year off-take agreement with a major gas supplier to the food and drinks market for the CO2.
(HedgeCo.net, March 9, 2010)
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