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A sign of trouble in the ethanol business, VeraSun seeks bankruptcy protection after a rapid decline in corn prices and a misplaced bet on feedstock purchases.
Company has plans for a plant that will produce two alternative fuels.
Consolidation comes to green tech: Oil refiner Valero snaps up the ethanol refineries of bankrupt VeraSun while solar developer Recurrent Energy buys another company's project pipeline.
Shares of VeraSun Energy have climbed about a third since its IPO. Could this spell success for future offerings?
How much do investors like ethanol? We'll find out more Wednesday, when VeraSun is expected to hold an IPO.