Cello Energy
Cello Energy was an Alabama biofuels company beset by fraud allegations. The company proposed to produce energy from cellulosic ethanol. In 2010, the United States Environmental Protection Agency projected the company could produce 70 million gallons of cellulosic diesel before reducing their projections to 5 million gallons and then removing the company from supplier listings in 2011. Cello Energy filed for bankruptcy in 2010.[1][2][3] In 2009, Cello Energy lost a federal lawsuit based on allegations of breach of contract and fraudulent claims, and was ordered to pay $10.4 million.[4]
See also
[edit]References
[edit]- ↑ Cello Energy Finally Out of EPA ’11 Projection After Bankruptcy by Katie Fehrenbacher Nov. 30, 2010 Gigaom
- ↑ [Setting the Record Straight on Cello Energy and E3 Biofuels http://www.energytrendsinsider.com/2011/03/02/setting-the-record-straight-on-cello-energy-and-e3-biofuels/ Archived 2013-09-08 at the Wayback Machine] Robert Rapier on Mar 2, 2011 Energy Trends Insider
- ↑ "The Cello Energy Fraud Case". 23 July 2009.
- ↑ "Jury returns $10.4M verdict in biofuel suit". Pensacola News Journal. July 1, 2009. p. 5D.