"REYNOLDS -- In October 2007, VeraSun Energy Inc.'s plan for a 110-million gallon ethanol plant near this White County town was put on hold. The company cited unfavorable market conditions.
Then this past fall, the company filed for Chapter 11 bankruptcy amid the credit crunch and global economic recession.
Still, efforts to make Reynolds live up to its moniker -- BioTown USA -- have not been given up.
'BioTown is not slowing down,' said Deborah Abbott, spokeswoman for the Indiana State Department of Agriculture.
VeraSun 'is not part of the original BioTown concept,' she said, and the company's issues are having no effect on BioTown"
I agree with Thomas over at Blue Indiana that BioTown sounded gimmicky but then I always thought Mitch Daniels only capable of gimmicks. Some other good points from Blue Indiana:
I wish Reynolds and the folks behind this project all the best of luck, but until we see serious incentives for investment in the alternative energy sector, there is only a slim chance we'll see these outfits move away from the gimmick and toward reality. Much of that will depend nationally on the success of President Obama's energy plan, which has promised pretty big results on a compressed time-line.
Governor Daniels, for his part, hates recycling almost as much as he loved the photo-op back in 2005.
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