The ethanol plants continue to struggle. Most plants are reporting their profits are "in the red", and several have shutdown. Here's another article of another plant shudown:
UPDATE 2-Ethanol sector braces for bad patch as Valero idles plant
Tue Jun 19, 2012 11:08pm GMT
By Michael Hirtzer and Carey Gillam
CHICAGO/KANSAS CITY, June 19 (Reuters) - The U.S. ethanol industry is hunkering down for another spell of deep losses, with a second producer temporarily shutting a Nebraska plant on Tuesday as diminishing corn supplies and lackluster gasoline demand crush profit margins.
Valero Energy Corp is idling its 110 million gallons (500 million liters) a year plant in Albion, Nebraska, but expects it to resume operations before the autumn corn harvest, when prices should start to ease and supplies become more plentiful, spokesman Bill Day said.
(Read full article here:
http://af.reuters.com/article/energyOilNews/idAFL1E8HJGCJ20120619?sp=true )
"Pete" Landry.........comments welcome at ........way2gopete@yahoo.com
