September 27, 2012

BioFuel Energy idles ethanol plant

Yields shrink due to drought
And while Gevo plans to switch to producing ethanol from bio-isobutanol (check my post before this one), Colorado-based BioFuel Energy, meanwhile, has decided to idle its Fairmont, Minnesota, ethanol facility until further notice because of high corn prices and ethanol oversupply.

The company said the Fairmont plant will remain idle until it will be able to secure local corn at price levels that will support better margins.

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