Web exclusive posted Dec. 17, 2007, at 1:31 p.m. CST
Renova Energy PLC, a British ethanol producer with one plant on line in the United States and another under construction, announced the suspension of trading of ordinary shares on the London Stock Exchange pending clarification of its financial position. According to a release on Renova's Web site, the suspension went into effect this morning and is in response to cost overruns at its facility under construction at Heyburn, Idaho. No timeline for the resumption of trading has been set and Renova says it will make further announcements as soon as possible.
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Renova Energy PLC
Renova's trading announcement