Altra Buys State’s Biggest Ethanol Plant
Biofuels developer Altra Inc. bought California’s largest ethanol plant from Phoenix BioIndustries Inc. of Fallbrook, Calif., for an undisclosed price, the two companies said.
The plant, in Goshen, Calif., started operations nearly a year ago. It can produce from corn as much as 27 million gallons of ethanol a year.
Los Angeles-based Altra is funded by several major venture capital firms and hopes to expand the San Joaquin Valley plant’s capacity to 35 million gallons a year.
