Akron Riverview Corn Processors postpones Iowa ethanol plant, citing economic conditions

Akron Riverview Corn Processors has postponed development of an ethanol plant in Iowa, citing unfavorable economic. Plymouth County officials said that they hoped the postponement is short-lived, and were philosophical about the $100,000 expended by the county in planning expenses, of which only $75,000 will be recovered from Akron River.

Bank of America analyst Eric Brown released a report yesterday showing that ethanol profitability had shrunk more than 6 percent in the past two weeks, owing to rises in corn prices and drops in ethanol prices.

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