Deals
Range Fuels Sells Government-Backed Biofuel Plant to LanzaTech
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Range Fuels Inc., a closely held U.S. cellulosic ethanol company that was offered $156 million in federal government backing, sold its only factory to LanzaTech NZ Ltd. as part of a government-approved liquidation.
The U.S. Department of Agriculture in October approved lender AgSouth Farm Credit to hold the foreclosure sale yesterday. The deal didn’t include Range’s intellectual property, David Aldous, the company’s chief executive officer, said yesterday in an e-mail, declining to give details.