Once more, the Lake County Solid Waste Management District Board of Directors have learned that investors are holding back on funding the waste-to-ethanol project until more is known about the process. Surprised? We didn't think so.
With yet another collapsed land deal, a fresh set of delays on financing decisions and a contract in limbo, some Lake County solid waste officials wonder if they are hearing the end of trash-to-ethanol.
A consortium of region contractors on Thursday argued it and its potential investors need more time to evaluate whether the trash-to-ethanol process works before taking over the long-stalled project.
With new owners possibly on the horizon for the proposed Schneider trash-to-ethanol plant, some Lake County waste officials say it is the perpetuation of a four-year-old game of musical chairs.
As the next deadline nears for developer Earl Powers to prove he's making progress on the proposed trash-to-ethanol plant, it's now clear that Powers hasn't made much progress in the years since he signed the contract with the Lake County Solid Waste Management District.
Earl Powers holds a license to use a chemical company's trash-to-ethanol process but has not yet closed on a deal for the blueprints, a Lake County solid waste attorney said.
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