New Owner for Nevada Ethanol Plant Comes Amid DuPont Refund
NEVADA, Iowa -- After using millions in state grants and tax breaks, DuPont closed its cellulosic ethanol plant in Nevada last year. On Friday the company reached a settlement with the Iowa Economic Development Authority to pay back the majority of that money. Dupont will be cutting a check for 10.5 million dollars to the IEDA. They used about 17.5 million dollars to get up and running.