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PR FOR AFTER HOURS/THURSDAY 7/13
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[QUOTE]Originally posted by ruskin_muskin: [QB] Great news for NSOL: U.S. ethanol plants look to tax-free financing n New Jersey, the state's Economic Development Authority has given preliminary approval to $84 million in tax-exempt, solid-waste bonds for a waste-to-ethanol facility in Dover Township, according to agency spokesman Glenn Phillips. The state has enough private-activity volume cap to cover the issue. Fuel Frontiers, a subsidiary of Nuclear Solutions Inc. (NSOL.OB: Quote, Profile, Research), plans to produce 55 million gallons of ethanol a year from old tires at the plant, said company spokesman Fred Frisco. He said final approval for the bonds would be sought in about a month. In central Ohio's Coshocton, Los Angeles-based Altra Inc. broke ground on Tuesday on a $100 million ethanol plant that will be partly financed with up to $85 million of air quality bonds approved by the Ohio Air Quality Development Authority. Although the bonds are subject to federal taxes, they are exempt from Ohio income tax, according to Mark Shanahan, the authority's executive director. Shanahan added that three or four other developers have expressed interest in the bonds for their ethanol projects. [/QB][/QUOTE]
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