Iowa ethanol plant postponed due to escalating construction costs, decline in ethanol prices

In Iowa, Little Sioux Corn Processors announced the postponement of its IPO after putting its planned 100MGY ethanol plant in Akron, IA on hold due due to escalating construction costs and declines in ethanol prices.  Biofuels Digest previously reported on Plymouth County’s trapped investment in supporting the planned Akron River facility. There have been an increasing rash of ethanol plant postponements due to ethanol and corn price outlooks, as well as numerous warnings from executives about the difficulty of financing corn ethanol projects. In addition, in states such as Minnesota, ethanol projects are running into more local opposition from critics of incentives, and concerns about emissions.

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