BioEnergy of AMERICA'S Rise and Fall

摘要

The story behind how BioEnergy of America, went from a Rocky Mountain high to an East Coast low should serve as a caution for other project developers. Tom Davanzo's New Jersey biodiesel start-up banked on the success of its two top-notch biodiesel facilities nestled in the Rocky Mountains of Colorado, and headed east. The chief executive officer seemed to have it all figured out-locating his plants in urban centers and near transportation oudets, keeping the facilities small but competitive and being feedstock flexible. If the cost or availability of one feedstock went up, try another. The East Coast venture barely got off the ground when the funding dried up and BEA headed for bankruptcy court in January 2008. The bankruptcy case was dismissed in late February.