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Old 08-29-2009, 11:19 PM   #7
Nahant
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Join Date: Mar 2009
Location: Northwestern Illinois
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Quote:
Originally Posted by ShortlinesUSA View Post
I believe that in seeking a buyer for the DME, they were hoping to find someone with deeper pockets and better access to funding in order to complete the expansion. CP said from the beginning that their reasoning for buying DME was not just about the PRB, but rather the other strong agriculture-related businesses that were booming along the line (read: ethanol). However, with the biofuels industry not doing well at all at present (and arguably not for many years to come), the business case for getting the PRB expansion completed may get stronger.
Thank you for the clarification.
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