Thursday, October 11, 2007

Ethanol Plants Cancelled

Here are a few more plant cancellation stories:
Update below.
Update (2) below

Construction Suspended On Meckling Ethanol Plant

Glacial Lakes Energy, LLC ("GLE") announced late Friday afternoon that it is temporarily suspending any further construction activities on the Missouri Valley ethanol project in Meckling.
From the Yankton Press & Dakotan

Company Halts Construction of BioTown Ethanol Plant

VeraSun Energy Corporation (NYSE: VSE), one of the nation's largest ethanol producers, today announced that it will suspend construction of its 110 million-gallon-per-year ethanol biorefinery in Reynolds, Ind., due to current market conditions.
From Inside Indiana Business

Abingdon ethanol plant delayed
Soaring construction costs compounded by high corn prices that have swelled operational expenses are delaying construction plans of a number of ethanol plants in Illinois and Iowa, including the Dial Energy plant planned for Abingdon.
From the Galesburg Register-Mail

And, if you missed it, I see this Wall Street Journal story quoted everywhere.

Ethanol Boom Is Running Out of Gas

Update: First headline of the day at the WSJ's Energy Roundup

Ethanol Industry Losing Friends

Update (2)From Reuters: Lower US ethanol prices halt plant construction

Thu Oct 11, 2007 5:11pm EDT