HENNEPIN, IL – An Illinois ethanol maker announced last week that due to "anti-business state legislation and burdensome international trade tariffs," the company has reversed plans to build a $500 million ethanol facility.
Marquis Inc. announced its decision to let more than 800 acres in Illinois land options in Scott County, near Jacksonville, expire in late April, shelving its plans for the development of a $500 million ethanol facility.
Among reasons for the cancellation, Marquis Energy cited pending state legislation that would undermine the competitive business process.
“This legislation would inflate the cost of the development to the point the project would not have an adequate return on investment and would negatively impact our company’s ability to competitively bid construction projects,” the company’s CEO Mark Marquis said in a statement.
The rest of the story at TMANews.com
