Global Energy sells ethanol plant; owner to use as demonstration site for biofuel technology

Global Energy sells ethanol plant

ATLANTA — Global Energy Holdings Group, Inc. said Friday it will sell an ethanol production plant to Fiberight LLC. Terms of the sale were not disclosed.

Atlanta-based Global Energy said the plant had stopped production in May of last year. Prior to that, the facility in Blairstown, Iowa, was producing 5.6 million gallons of corn-based ethanol per year.

Global Energy said in a news release that Lawrenceville, Va.-based Fiberight plans to use the facility to produce cellulosic ethanol using its waste-to-biofuels technology.

Global Energy stock added less than a penny to 11 cents a share in Friday trading.