Local

Biofuel Energy Corp. Idles Minnesota Plant

View Comments
(credit: Germain Moyon/AFP/Getty Images)

(credit: Germain Moyon/AFP/Getty Images)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Today's Most Popular Video
  1. Boy Seeking To Bring Sleigh Of Toys To Children's Hospital
  2. 4 Things To Know For Dec. 18, 2014
  3. Mpls. Office Workers Battle For Best Holiday Cubicle
  4. New Rules Require Calorie Counts On Alcoholic Drinks
  5. Citrus Bowl Excitement Causes Flight Shortages

DENVER (AP) — Biofuel Energy Corp. says it is idling its ethanol plant in Fairmont, Minn., until further notice.

The plant stopped production last week.

Corn prices have been high this summer, and impacts of the drought on the Corn Belt are still being felt. CEO Scott Pearce notes there also has been a glut of ethanol, lowering prices for the corn-based fuel additive.

Pearce said Monday the Denver-based ethanol production company isn’t making any changes to its current operations team so that it can restart the Fairmont plant on short notice.

Another plant in Wood River, Neb., is still operating.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 2,370 other followers