The Hereford plant, which is about an hour from me, went under six days after the new President took office.
Looks like this is another victim of the banksters:

“Although the ethanol refinery is in the late stages of construction, on December 31, Panda Ethanol was notified by Societe Generale, the administrative agent for the Hereford subsidiary’s lending syndicate, that one of the major syndicate banks had informed Societe Generale that it would not fund its share of further borrowing requests for the project. After repeated conversations with the syndicate and an unsuccessful attempt to secure debtor-in-possession financing, the Hereford subsidiary’s management concluded that the only prudent option available was to put the facility up for sale through a Section 363 sale process.”

There is another biodiesel plant in Hereford; but bankruptcies are growing. The supplier for Willie Nelson's BioWillie fuels is one (requires registration) of the companies listed as having sunk recently. It appears some big corporations like Tyson and Cargill are trying to make money on beef tallow and other animal by-products, but there are no guarantees:

"At this time, increased demand has not resulted in increased prices for beef cattle," said Ross Wilson, president and CEO of Texas Cattle Feeders Association. "It remains to be seen how that will balance out."
One problem for cattle feeders is they use a form of cattle fat in feed rations so they compete with biofuel producers for supply, running up the cost.
"The new demand for beef fat has already increased the cost of feed fat by 25 percent in the last three months," Wilson said.
But the equation may change.
"It's possible, if demand for beef tallow increases the price for it enough, packers may pay more for cattle," Wilson said.
At least one biodiesel plant never produced a drop of fuel.
Big Daddy's Biodiesel was to open just outside Hereford.
"I closed that in February," said Roy Messer, who was putting in the plant in the former Holly Sugar facility. "I'd love to put one in but the backing isn't there. I worked for two and a half years for free. Actually it cost me $300,000."

The emphasis on green technology to replace American manufacturing jobs is, IMNVHO, a positive move. What we need to be aware of is that just because it's green doesn't mean it's unencumbered!