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Newspaper Article
Global Ethanol IPO fails to fill tank
2006
Overview
If the float had been fully subscribed, Global Ethanol would have had a market capitalisation of between $890 million and $1 billion, and aimed to establish itself in the US market before looking at other opportunities elsewhere in the world. Mr [Trevor Bourne] said before he left on the roadshow that the company wanted to eventually establish operations in Australia, but that conditions would have to change here before they would contemplate doing that. In the three weeks that Global Ethanol has been on its international roadshow the local scene has changed dramatically in response to rising petrol prices, with the federal Government considering a scheme to subsidise biofuels such as ethanol, and BP and Caltex offering cheaper ethanol-blended petrol.
Publisher
Nationwide News Pty Ltd
Subject
