One of the World’s Richest Men Sees Ethanol as Opportunity and Takes a 25% Stake in a Producer
Recently Bill Gates, through his investment vehicle Cascade Investments, took a 25.5% stake in Ethanol producer Pacific ethanol. When someone like Gates takes this large of stake in a company, people take notice. For good reason to, Ethanol use is expected to double by the year 2012. This helps other Ethanol plants look more attractive as Investors are beginning to see the demand for Ethanol soar. Stratos Renewables Corp. (SRNW.OB) is a Peruvian based Sugarcane Ethanol producer that intends to export its ethanol globally. They say that sugarcane Ethanol produced in Peru is the lowest costing ethanol in the world. This…