KL Energy starts out strong in 2009

Cellulosic ethanol developer KL Energy Corp. has named a new chief executive officer, received an investment of $4 million and partnered with a Canadian company to build a cellulosic ethanol plant in the first few months of 2009. Steve Corcoran, previously KL Energy vice president of operations, is now chief executive officer. He said the new funds will allow KL Energy to complete the final steps in the implementation of its technology, and inspires new confidence in the company. KL Energy will provide its technology to Prairie Green Renewable Energy Inc., which is building a 5 MMgy to 10 MMgy cellulosic ethanol plant near Hudson Bay in Northeastern Saskatchewan.