Investors Are Getting 'Gun-Shy' of Ethanol Production Ventures

Summary


SPIRITWOOD, N.D.

Harold Newman shuttered his financially foundering ethanol plant in October and then broke ground on one 10 times the size.

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Extract


Investors Are Getting 'Gun-Shy' of Ethanol Production Ventures

"It sounds crazy but it appears to be the opportune time to do both," he said.

Just a few months ago, Newman said, those who had invested in ethanol "made nothing but money." But the boom has burst, profits have faded and ethanol isn...

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