"A $270 million bankrupt Western Pennsylvania ethanol plant, Bionol Clearfield L.L.C., which opened in 2009 and shut down last year, has been sold to a Michigan agricultural company for $9.35 million, according to a filing with the U.S. Bankruptcy Court in Delaware," writes my colleague Andy Maykuth in today's Inquirer business summary. Previous Maykuth story on Bionol Clearfield.

"Pennsylvania Grain Processing L.L.C., an affiliate of Zeeland Farm Services Inc., said the court had approved the purchase... Bionol Clearfield was funded with $27 million in state grants and loans and $67 million in tax-free bonds.
"It declared bankruptcy after Getty Petroleum Marketing Inc., backed out of contracts to buy the fuel produced at the plant. The new buyers say they plan to restart the plant as soon as possible."