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LF ethanol plant suspends operations [UPDATED]
Published 7:35am Tuesday, August 14, 2012 Updated 11:37am Tuesday, August 14, 2012Fergus plant to stay open
LITTLE FALLS — The high price and low supply of corn has idled an ethanol plant in Little Falls.
The Central Minnesota Ethanol Co-op has suspended operations. The plant’s general manager, Dana Persson, says that until they can buy corn or sell ethanol at a better price, it’s to their advantage to stop production.
The St. Cloud Times says the co-op began operating in 1999 and has produced about 21 million gallons of ethanol a year. The cash price for a bushel of corn is currently $7.27 compared to $4.87 a bushel in November of 2010.
Green Plains Renewable Energy confirmed that its Fergus Falls plant and Green Plains as a whole are doing well due to a variety of factors, including national distribution and the sale of ethanol byproduct.
