ALL Fuels & Energy announced this morning that it has signed an additional letter of intent from a new equity partner for $27 million. The company has designated the funds for the specific purpose of acquiring Ace Ethanol, LLC, which operates a 46 MM gallon per year Delta T design production facility.
AFSE President Dean Sukowatey stated, “I am very pleased with our debt and equity partners. This new group provides great flexibility to complete the Ace transaction and engage other potential acquisitions on our horizon.”
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