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GeneSyst Plans $618 Million Investment in Maltese Ethanol Plants

GeneSyst U.K. Ltd., part of Hudson, Ohio-based Genesyst Inc., is planning to invest 435 million euros ($618 million) in three waste-to-ethanol plants in Malta.

The first project will produce as much as 90 million liters of ethanol that can be blended with gasoline and used as transport fuel, Peter Hurrell, director at Wirral, northwest England-based GeneSyst, said today in an e-mail.