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Land Bought for Ethanol Plant Has Been Sold

Posted: Sunday, February 21st, 2010 at 6:26 am
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A portion of land in Marion County that was originally going to be used to build an ethanol plant has now been sold. Red Rock Renewables purchased a 253 acre piece of land on the north edge of Pleasantville in 2006, when ethanol fuel was at its peak, with plans to build an ethanol production plant. Since then the need for ethanol has dropped dramatically after the price of oil fell. Charles Watson, a member of Red Rock Renewables says they chose to sell the land because the initial investment and interest was exceeding income because the original plans had halted. The land was sold to the Kyle Phillips family who plans to use it to farm.