Commodity Futures Biography
Meantime, another company, Montana Advanced Biofuels is trying to build a barley-to-ethanol plant in Great Falls, Montana. President Gary Hebener says Osage's shutdown doesn't phase his company because Montana is filled with barley fields, Virginia is not. Is his company interested in buying the Osage plant? Hebener says no.
However, Scott says Osage expected to have to import some barley for the first few years of production and says that was not part of the decision to close.
The Maryland based non-profit group, Advanced Biofuels USA, which advocates for the adoption of biofuels, says one challenge could be that the U.S. demand for ethanol is currently being met, though there is demand overseas.
The question remains whether another company will buy the Osage plant. Bowles believes chances are good. "I think there is a future for ethanol whether it comes from corn or barley or some other feed stock. There will be a continued emphasis on reducing our foreign dependency on energy."
Scott points out that the decision to sell Osage Bio Energy was made by its board of directors, not the company itself, and that businesses change hands all the time.
Meantime, another company, Montana Advanced Biofuels is trying to build a barley-to-ethanol plant in Great Falls, Montana. President Gary Hebener says Osage's shutdown doesn't phase his company because Montana is filled with barley fields, Virginia is not. Is his company interested in buying the Osage plant? Hebener says no.
However, Scott says Osage expected to have to import some barley for the first few years of production and says that was not part of the decision to close.
The Maryland based non-profit group, Advanced Biofuels USA, which advocates for the adoption of biofuels, says one challenge could be that the U.S. demand for ethanol is currently being met, though there is demand overseas.
The question remains whether another company will buy the Osage plant. Bowles believes chances are good. "I think there is a future for ethanol whether it comes from corn or barley or some other feed stock. There will be a continued emphasis on reducing our foreign dependency on energy."
Scott points out that the decision to sell Osage Bio Energy was made by its board of directors, not the company itself, and that businesses change hands all the time.
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