Valero Shuts Down Two Ethanol Plants
Company shutters two plants recently bought from Green Plains last year
According to OilPrice.com, Valero has shut down two ethanol plants that it bought from Green Plains last year, and one of them might not be reopened, Bloomberg reports citing sources close to the company.
The ethanol plant in Riga, MI, has been shuttered with no details if it will ever reopen, and the other one, in Bluffton, IN, will reopen “as soon as favorable economic conditions exist,” the company said.
Valero owns, directly and through subsidiaries, 14 ethanol plants in the Mid-Continent with a combined production capacity of 1.73 billion gallons of the biofuel annually.