Australian Ethanol Surges

Ethanol-mania is also creating a buzz in Australia. Ethanol Australia Limited's share price has been pleasing investors in the company recently. Shares in the company increased by as much as 40%. It sold about $9 million in shares to build more ethanol plants in the United States and Australia.
Australia still has some way to go if it hopes to catch up with the International ethanol industry, but this is a step closer. Australian Ethanol has also recently purchased Beatrice Biodiesel, a Nebraska Limited Liability Company.
Australian Ethanol Shares Surge on Plan to Build Biofuel Plants
"The company sold 41.5 million shares at 30 Australian cents each, Perth-based Australian Ethanol said in a statement to the Australian Stock Exchange today. It is building the first purpose-built grain-fuel ethanol facility in Australia in Swan Hill, Victoria state, and developing the Beatrice biodiesel project in Nebraska, it said." Bloomberg
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