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Ethanol Plants Slow As Flex-Fuel Vehicles Grow
By Mr Ethanol | October 18, 2007
Green Car Advisor:
The rush by corn farmers to channel their crops into the alternative fuel market, and by entrepreneurs looking to get rich quick with corn-to-ethanol processing plants, seems to be causing some repercussions.
A trio of ethanol plants that use corn to brew the fuel have canceled expansion plans because of high corn prices and falling wholesale prices for ethanol caused by a flood of new plant construction, Reuters and other news agencies reported recently.
Glacial Lakes Energy, according to Reuters, said it is postponing an ethanol plant planned for Meckling, South Dakota; Chippewa Valley Ethanol said it is delaying expansion of its plant in Benson, Minnesota, and VeraSun Energy Corp said it was suspending construction of a plant in Reynolds, Indiana.
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