Yet Another Indication of Ethanol Plants Struggling to Make a Profit

Here's yet another article on the ethanol plant struggles.  Most are no longer profitable and are searching for ways to diversify in hopes of returning to profitability.  The poor economy, consumers driving less due to both the economy and high gas prices, plus loss of the ethanol $0.45/gallon tax subsidy are wreaking havoc on the ethanol industry.  Then, Congress is more and more leaning to reign in the out of control EPA on this issue.  


Here's the article: 

UPDATE 1-Struggling ethanol makers diversify to corn oil

Thu Jun 21, 2012 5:32pm GMT

* Pacific Ethanol adds corn oil to ethanol business

* US ethanol producers make 4.69 mln lbs of corn oil daily

* Diversification needed to offset weak ethanol margins

By Carey Gillam

June 21 (Reuters) - Pacific Ethanol Inc on Thursday said it was launching a corn oil business, the latest U.S. ethanol maker to move to diversify its revenue stream in an industry where margins have been depressed as costly corn supplies dwindle.

California-based Pacific Ethanol said it was installing corn oil separation technology at one plant and planned to do so at its three other plants by the first quarter of 2013. The company said its corn oil business should start generating revenue in the first quarter of 2013.

(Read full article here:  https://news.google.com/news/story?ncl=d4MdFIx2pbgvWRMUf8mD1TKLZkOoM&hl=en&ned=us


"Pete" Landry..........comments welcome at way2gopete@yahoo.com