Refiners move into alternative fuels

Oil companies shop for discounted ethanol plants forced into bankruptcy by economy, frozen credit, wildly swinging corn prices; of some 200 U.S. plants, about two dozen in bankruptcy

William Kates

Associated Press Writer

When Sunoco closed in mid-June on the acquisition of a bankrupt ethanol plant in Fulton, N.Y., for pennies on the dollar, it became just the latest oil refiner to step into the alternative fuels market. Traditional refiners under pressure to reduce emissions are finding new avenues to meet evolving....

    [additional news subjects in this story]

Plant to be refurbished

Some 200 ethanol plants

Demand will increase