Officials say more Iowa ethanol plants may close

DES MOINES, Iowa (AP)--Renewable fuel officials say more ethanol plants in Iowa could close as the industry deals with falling prices.

The drop in price for corn, crude oil and ethanol had resulted in reduced revenues for the ethanol industry this year, prompting three of the state's 32 ethanol plants to file for bankruptcy.

Plants in Albert City, Dyersville and Steamboat Rock have closed in recent months.

Monte Shaw, executive director of the Iowa Renewable Fuels Association, says it's a frustrating time for the ethanol industry. He says a few more plants may close until the market equals out.

Shaw also says the industry was probably overbuilt.

Shaw dismisses talk that the industry is collapsing and says more ethanol will be produced next year.

1/5/09
6 Star Midwest Ag\5-B

Date: 12/29/08

Advertisement

Click for related articles

VeraSun Energy receives final bankruptcy court approval for debtor-in-possession financing totaling
New sugarcane cultivars developed for sand soils of south Florida
Officials say more Iowa ethanol plants may close
Old Christmas trees can help overwintering birds
Residents sue southwest Missouri hog farm over odors
Study shows irrigators concerned about water availability

article 2009- 2 - OfficialssaymoreIowaethanol.cfm

Article: Officials say more Iowa ethanol plants may close Add Your Comment To post a comment on this story, enter your screen name and email address then click "Add Comment." Your email address will not be displayed. 100 Recommend | 0 Comments

---

	Web hpj.com

Copyright/Privacy
Copyright 1995-2009.  High Plains Publishers, Inc.  All rights reserved.  Any republishing of these pages, including electronic reproduction of the editorial archives or classified advertising, is strictly prohibited. If you have questions or comments you can reach us at High Plains Journal 1500 E. Wyatt Earp Blvd., P.O. Box 760, Dodge City, KS 67801 or call 1-800-452-7171. Email: webmaster@hpj.com