(Dyersville, Ia.)– Verasun Energy has announced that it has closed its ethanol plant in Dyersville indefinitely.
The company made the announcement earlier this week in an e-mail to producers and grain elevators.
In the e-mail, the Sioux Falls-based company says the Dyersville plant is closed for both corn deliveries and corn purchasing until further notice. The e-mail also says that the company is negotiating additional financing that should be available next month.
The plant opened in September and was projected to produce up to 110 million gallons of ethanol each year.
Verasun filed for chapter 11 bankruptcy October 31st. On Wednesday it released its earning statement, which showed the company had a net loss of more than 476 million dollars in the last quarter.
Locally, Verasun owns and operates ethanol plants in Hartley and Welcome, Minnesota.
(Story from the Associated Press.).
