(Brookings, S.D.)– Brookings, South Dakota-based Verasun Energy has announced it will delay startup of a third ethanol plant because of poor market conditions.
Construction of the 110 million-gallon-per-year plant at Hankinson, North Dakota, is scheduled to be done this month.
The firm said earlier it was delaying operations at ethanol plants in Welcome, Minnesota and Hartley.
Verasun Chief Executive Don Endres says ethanol is currently sold at a deep discount to unleaded gasoline and the three plants won’t open until ethanol prices improve.
(Story from the Associated press.).
