Green Plains to Shut Two Iowa Ethanol Plants

September 17, 2018 02:15 PM
 
Two Iowa ethanol plants owned by Green Plains will stop production, according to a report by Reuters.

Two Iowa ethanol plants owned by Green Plains will stop production, according to a report by Reuters.

Reuters quotes multiple industry sources who say the facilities in Superior and Lakota, Iowa will cease production while a third facility in Fairmont, Minnesota has throttled to half its operating capacity.

The move comes on the heels of an announcement Friday that Ergon will shutter its Vicksburg, Mississippi ethanol plant in December.

All of the closures are being blamed on thinning profit margins spurred by oversupply. The growing tariff battle with China has limited export opportunities for domestic ethanol, resulting in  a nearly 30 cent drop in ethanol prices since the summer high.

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Comments

 
Spell Check

Steve
Maxwell , IA
9/18/2018 10:11 AM
 

  They never should have started with our government giving millions of dollars they have yet again made false markets. The USA has more fuel than we will ever need and they have been paying high taxes . If the government would just stay out of farming it will find a stable base remember the 70’s that’s what happens when the government sticks its nose in.

 
 
Dave
Auburn, IN
9/23/2018 08:37 AM
 

  Sounds like a demo rat article , can't trust any news from demo rats

 
 
Chris
Newcastle , OK
9/18/2018 11:53 AM
 

  They shut down plants to control prices, if we shut down production we wouldn’t be in business anymore. We have taken a .20+ loss per bushel on corn inn a week their .30 drop should be ok also.

 
 
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