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Bill Gates Invests $84M in Ethanol Producer

December 01, 2005

KIRKLAND, Wash. --- Bill Gates apparently has confidence in the potential of ethanol as an alternative fuel. The Microsoft chairman's personal investment company, Cascade Investment LLC, has agreed to invest $84 million in Pacific Ethanol Inc., an alternative fuel producer based in Fresno, Calif. , according to a report in Puget Sound Business Journal.Pacific Ethanol Inc. is building its first major ethanol production plant in Madera County, Calif. Plans call for four additional facilities on the West Coast.
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