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ZeaChem plans cutbacks

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Tuesday, April 02, 2013

Although ZeaChem recently began producing a plant-based biofuel at its Boardman facility, the company still plans layoffs.

ZeaChem had already secured more than grants from the federal government…but needed short-term financing to operate before that federal money kicked in.

The Colorado-based company wasn’t able to line up a short-term loan. In a statement, ZeaChem said that forced it to scale back its operations. But the company says it is hopeful it can raise enough money to restart production.

Read more at OPB.

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