In Wyoming, Wyoming Ethanol is closing its facility in Torrington after 20 years due to the toxic mix of low oil prices and corn prices that make processing the fuel too expensive with almost no chance of profits. The city provides the plant electricity, so without the demand the city may have to raise rates for the rest of the users to compensate. Itβs unclear what the new end market will be for the local corn that was used to produce ethanol.
Category: Fuels