Valero restarts three idled US ethanol plants
By OWEN FLETCHER
CHICAGO -- Valero Energy soon will have all 10 of its ethanol plants online and operating "at or close to capacity," after it idled three of them last year due to low or negative margins, company spokesman Bill Day said Tuesday.
Valero restarted its plant in Albion, Nebraska around the start of the year. Its Bloomingburg, Ohio plant restarted at the beginning of March, and the company expects to restart its Linden, Indiana plant in the next week or so, Mr. Day said.
"Corn prices have moderated somewhat, and ethanol prices have kept pace," improving margins at the plants, he said.
Local corn shortages have challenged various ethanol producers since a severe drought last year sharply cut the size of the US corn harvest.
Dow Jones Newswires
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