Iowa’s biggest name in Venture Capital is putting together an $800 million deal to fund ethanol production plants. In this article found in the Des Moines Register, John Pappajohn is apparently trying to put together a co-op of rural ethanol production plants using a $300 million IPO and a $500 million debt placement.
Pappajohn was reported to say that he, "Didn’t want to see someone take over ethanol that didn’t have the farmers’ best interest at heart."
This is a very big deal. Funding moves like this are what continue to fuel the fire in Ethanol Alley.