N.H. company to fund Kinross biofuel plant

The Frontier biofuel plant in Kinross has had its ups and downs with financing, but a new backer has stepped up to push the project forward once again.

Excerpt: Valero Energy Corp., an independent U.S. oil refiner that owns ten corn-based ethanol plants, agreed to provide the majority of financing for a Mascoma Corp. plant in Michigan that will convert wood to ethanol.

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Source: Bloomberg BusinessWeek