Closed Pfizer plant may become ethanol plant

Augusta's closed Pfizer Pharmaceuticals plant may have new life as an ethanol plant.

A New York company called Xethanol has signed a letter of intent with Pfizer to buy the 30 acre site. It hopes to produce 35 million gallons of ethanol a year there.

That would mean up to a hundred jobs.

If the deal is approved, it could take a year to renovate the plant.