Press releases
No Delay. INEOS Bio JV plant scheduled to start on time at Vero Beach.
August 4th 2011No Delay. INEOS Bio JV plant scheduled to start on time at Vero Beach.
Following recent press reports INEOS Bio has today confirmed that its joint venture facility, to produce advanced biofuels from waste at Vero Beach, Florida, will start on time as planned, next year.
Press articles which have focused on a change in the phasing of recruitment for the project and the necessary administrative steps taken in respect of grant funding with Indian River County, should also have stated that this has no bearing on the completion of the project, which remains on-track.
INEOS Bio has consistently stated in its announcements (09 February 2011 http://bit.ly/dGQcdo ) that the first bio-ethanol facility will be mechanically complete in April 2012 and will be commissioned in Q2 2012; this has not changed.
"Things are progressing well and are on-track at the Vero Beach site" comments Peter Williams, Chairman, INEOS New Planet BioEnergy and CEO INEOS Bio. "As is the case with all major projects as complex as this, elements will change but this does not change our expected start date - The plant remains scheduled to be commissioned in mid 2012. When completed it will produce eight million gallons of bioethanol per annum and six megawatts (gross) of renewable power from local yard, vegetative and household wastes. It will also provide world-changing technology to partners across the US and beyond, bringing secure, renewable fuel and power to communities globally, without delay."
ENDS
Dan Cummings +1 630-857-7165 biopress@ineos.com
Richard Longden +44 7710 371998