In North Dakota, AgWeek reports as negative margins compounded by falling demand and rock bottom petroleum prices force ethanol producers across the Midwest to shut down, Tharaldson Ethanol continues to produce 500,000 gallons of ethanol per day, not at full capacity but “pretty high,” and make good on its corn contracts, something which the company doesn’t expect to change during the COVID-19 crisis. The company is losing money with negative margins, but it says it is losing less than shutting the plant, so it’s just going to hold on.
Category: Fuels