FORMER AVENTINE CEO, BUSINESS RESOURCES EXEC FORM BIOFUEL CONSULTANCY

2011-02-22 11:42:17 EST
FORMER AVENTINE CEO, BUSINESS RESOURCES EXEC FORM BIOFUEL CONSULTANCY
 

Phoenix -- Former Aventine CEO Ron Miller teamed up with another former
Aventine official to form a biofuel-related consultancy that has been
operational since last spring, OPIS learned on the sidelines of the
Renewable Fuels Association's (RFA) annual conference here.

Miller and Roger Bushue, former Aventine vice president for Business
Resources and Administration, formed Prisma Advisors to help provide
guidance primarily to start-up biofuel companies, Miller explained to OPIS at the
conference on Monday. Miller retired from Aventine in October 2009, six
months after the ethanol producer filed for bankruptcy protection. Aventine has
since emerged out of bankruptcy.


"We are helping these companies try to get financing ... set up personnel
and providing guidance and counseling," Miller explained, noting that his
company has approximately half a dozen clients using various fuels such as
cellulosic biofuel and butanol, in various stages of development. Among the
company's current clients is Agresti, a waste-to-ethanol company planning a
facility in Kentucky.

Prisma Advisors has another four to five clients "that are really in the
early stages of development," Miller noted. The clients tend to be for
domestic-based biofuel projects, he added.

Earlier at the conference, RFA presented Miller with its 2011 Membership
Award, recognizing him as one of the group's founders.

  --Rachel Gantz, rgantz@opisnet.com



Copyright, Oil Price Information Service

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