The company has started its preliminary due diligence efforts to complete the proposed purchase of the ethanol plant.
Dean Sukowatey, CEO and president of All Fuels & Energy, said: “We have valuable industry partners who participated in our qualified bid at the Renew bankruptcy auction and who are important in our finalizing the necessary financing.
“We look forward to completing this transaction with our industry partners, as well as other targeted ethanol production acquisitions.”
All Fuels & Energy is a development-stage company organized to operate as an ethanol producer, focusing primarily on the production and sale of alternative fuels including ethanol and its co-products.
