SOURCE: Industrial Info Resources

March 05, 2007 08:03 ET

Indiana -- Hotbed for More Than $2.8 Billion Ethanol and Biodiesel Projects

SUGAR LAND, TX -- (MARKET WIRE) -- March 5, 2007 -- Researched by Industrial Info Resources (Sugar Land, Texas). According to data extracted from Industrial Info's PECWeb Direct project spending data, over $2.8 billion of biofuels projects are in various stages of development in Indiana, making the state one of the hotbeds for ethanol and biodiesel plant construction spending in the Great Lakes Region. Approximately 26 grassroot projects are in the works in Indiana with ethanol plant construction making up the majority of the spending at $2.5 billion.

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