Clean Energy Capital to develop first commercial-scale sugarcane ethanol plant in US

FavStocks.com
By Green Car Congress on 11/06/2010 – 5:10 am PDT

Clean Energy Capital LLC, a US private equity firm specializing solely in investments in ethanol, is developing the first major sugarcane ethanol refinery in the continental United States, in the Imperial Valley of California.

The ethanol produced there will meet California’s low carbon fuel standard. The project will cost $575 million and produce 66 million gallons of ethanol annually, enough electricity to meet the needs of 35,000 homes, and enough biomethane to heat 10,000 homes per year. Sweet sorghum, which has similar characteristics to sugarcane, will also be used.

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