$2 or higher gas - Can ethanol make a comeback? Message Board

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Non-Tech : $2 or higher gas - Can ethanol make a comeback?

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Dec 10 3:59 PM EST

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From: richardred	9/10/2006 12:05:32 PM
	of 2801

Branson to Invest $400 Million in Renewable Energy, Biofuels By Oliver Klaus Sept. 10 (Bloomberg) -- Richard Branson, the U.K. billionaire who controls Virgin Group Ltd., will invest as much as $400 million in renewable-energy projects to reduce dependence on traditional fuels. The investments will be made through Virgin Fuels, a new unit, Branson said in an e-mailed statement today. Virgin Fuels' first investment will be in Cilion Inc., a California-based company that makes fuel from corn. Cilion, which was formed in 2006, builds and runs factories producing ethanol, an alcohol derived from plants. The company plans to build as many as seven plants with capacity to produce as much as 440 million gallons a day of ethanol by 2009. The first three units will be built in California, Branson said. Branson plans to expand the investment program, which will also target other forms of alternative energy, into the U.K., Europe and other parts of the world, he said. To contact the reporter on this story: Oliver Klaus in London at oklaus@bloomberg.net bloomberg.com

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