Oil Refiner to Buy 7 Ethanol Plants
The New York Times
By CLIFFORD KRAUSS
Published: March 18, 2009
Valero Energy, the country’s largest independent refiner, said on Wednesday that it would buy seven ethanol plants from VeraSun Energy for $477 million, giving the biofuel industry a lift at a time when it is suffering from excess production capacity and falling gasoline consumption.
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