Corn Plus Ethanol Plant in Minnesota Shutting Down
Board member: Most employees will be laid off
Starting production in 1994, Corn Plus in Winnebago is one of the more established ethanol production plants in the state of Minnesota, reports KEYC.
A member on the plant’s board of directors confirmed to KEYC the plant will shut down as the industry battles low commodities prices.
With an ethanol market hardly allowing any margins to make a profit, Corn Plus Board Member Don DeLanghe says many of the smaller guys are getting cut out.
According to DeLanghe, most employees will be laid off.