DuPont Industrial Biosciences is planning to sell their Nevada ethanol plant to a long-term buyer.
In a statement to the Tribune, the company said it will continue to participate in the cellulosic biofuels market, but intends to sell the plant.
“We have concluded it is in our long-term interest to find a strategic buyer for our technology, including the Nevada, IA biorefinery,” the statement reads.
The plant, which was intended to be the largest producer of ethanol created from corn and soybean stover in the world, was unveiled in fall 2015, but never produced ethanol. About 90 people were employed full-time there.
This is a breaking news story and will be updated.