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.