Several Ethanol Plants Announce Cuts to Production
POET, Marquis Energy top list of recent announcements
Marquis Energy will cut ethanol production rates at its 100 million gallons-per-year plant in Necedah, WI, Chief Executive Officer Mark Marquis told Reuters on Tuesday, the latest company to announce output cuts amid weaker margins.
The company will continue to run its 400 million gallons-per-year Hennepin, IL, plant at full production, he added.
The nation’s largest ethanol producer, POET, announced on Tuesday it was cutting production at its plants, blaming the waivers for the move.
Biofuel supplier World Energy announced last week that the company will stop production and furlough employees at facilities in Georgia, Mississippi and Pennsylvania because of the SRE decision.