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Clatskanie ethanol plant now shipping crude oil

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Tuesday, May 14, 2013

Cascade Grain's $200 million ethanol plant is now being used to store and ship crude oil.

Oregon put in $36 million of green loans and tax credits, but the original owner filed for bankruptcy in 2009.

Oregon's Department of Energy recovered just $1.3 million of a $20 million loan in bankruptcy court.

The loan and the tax credit program, which is being phased out, were for alternative fuels. Neither would have been available for a crude oil terminal, Department of Energy officials said.

Read more at OregonLive.com.

{biztweet}oil clatskanie{/biztweet}

 

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