Clinton council extends Hobo Renewable Diesel deadline to allow financing push
The Clinton City Council adopted a resolution approving a second amendment to its development agreement with Hobo Renewable Diesel LLC, extending key deadlines to Dec. 31, 2026, to give the company time to secure equity and debt financing for a project Hobo representatives said would cost roughly $1.9 billion.
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The Clinton City Council voted to approve a second amendment to the purchase, sale and development agreement with Hobo Renewable Diesel LLC, extending the developer's deadlines through Dec. 31, 2026, to allow the company additional time to complete equity and debt financing.
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