Cello Energy

Cello Energy was an Alabama biofuels company beset by fraud allegations. The company proposed to produce energy from cellulosic ethanol. In 2010, the United States Environmental Protection Agency projected the company could produce 70 million gallons of cellulosic diesel before reducing their projections to 5 million gallons and then removing the company from supplier listings in 2011. Cello Energy filed for bankruptcy in 2010.[1][2][3] In 2009, Cello Energy lost a federal lawsuit based on allegations of breach of contract and fraudulent claims, and was ordered to pay $10.4 million.[4]

See also

References

  1. ^ Cello Energy Finally Out of EPA ’11 Projection After Bankruptcy by Katie Fehrenbacher Nov. 30, 2010 Gigaom
  2. ^ [Setting the Record Straight on Cello Energy and E3 Biofuels http://www.energytrendsinsider.com/2011/03/02/setting-the-record-straight-on-cello-energy-and-e3-biofuels/ Archived 2013-09-08 at the Wayback Machine] Robert Rapier on Mar 2, 2011 Energy Trends Insider
  3. ^ "The Cello Energy Fraud Case". 23 July 2009.
  4. ^ "Jury returns $10.4M verdict in biofuel suit". Pensacola News Journal. July 1, 2009. p. 5D.

Content Disclaimer

Informasi ini disarikan dari Wikipedia dan disajikan kembali untuk tujuan edukasi. Konten tersedia di bawah lisensi CC BY-SA 3.0. Kami tidak bertanggung jawab atas ketidakakuratan data yang bersumber dari kontribusi publik tersebut.

  1. The information displayed on this website is sourced in part or in whole from Wikipedia and has been adapted for the purpose of restating it. We strive to provide accurate and relevant information, however:
  2. There is no guarantee of absolute accuracy. Wikipedia is an open, collaborative project that can be edited by anyone, so information is subject to change.
  3. It is not intended to constitute professional advice. The content displayed is for informational and educational purposes only. For important decisions (e.g., medical, legal, or financial), please consult a professional.
  4. Content copyright. Wikipedia is licensed under the Creative Commons Attribution-ShareAlike License (CC BY-SA). This means that content may be reused with appropriate attribution and shared under a similar license.
  5. Responsible use. Any risk arising from the use of information from this website is entirely the responsibility of the user.