By Craig A. Johnson
March 10, 2008
As the ethanol industry takes on new challenges in the form of increased fuel mandates, thinning margins at the pump and ever-increasing competition, Conestoga Energy Partners LLC moves forward with its newest plant.
OK, so you've raised $100 million to build your ethanol refinery that was to be an outlet for struggling farmers, a boon to the local economy and a reducer of greenhouse gases. You spent years fundraising. You sold your soul and your proprietary technology to lenders. You paid a fortune for lawyers to get you through the due diligence, permitting and political hurdles. You're finally ready to break ground or you already have. Then, cue the music from "Jaws." Here come the plaintiffs.
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