Panda Ethanol Cancels Construction Contract

Panda ethanol officials decided to terminate their construction contract with Lurgi Incorporated Monday.

A lack of confidence and deadline delays are a few reasons Panda officials say they were forced to cancel the contract.  The ethanol refinery in Hereford was expected to be completed in 17-months, by December 2007.   The Project is now, 9-months overdue and still not finished.

The refinery will continue construction through other sub-contractors and Panda employees.