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Panda Ethanol Restructures

Posted on October 13, 2008

Panda Ethanol has announced the successful restructuring of funding arrangements on a 115-million gallon-per-year, biomass-fueled ethanol refinery in Hereford, Texas. The restructuring was made with the support of the project's lenders and will allow for the completion of construction and startup of the facility. The successful restructuring of the Hereford project's funding arrangements represents a vote of confidence in our ability to manage the remaining construction at the Hereford facility, said Darol Lindloff, chief executive officer of Panda Ethanol. We continue to believe that,...

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biomass , ethanol