New US ethanol plant construction slows dramatically

New ethanol plant construction has slowed. Two new plants have started construction this year in Iowa – the lowest number since 1999. In Illinois, only five out of 38 plants approved this year have commenced construction, owing to ethanol price conditions and the credit crunch.

Today, Citigroup released a forecast showing that ethanol production is expected to increase 50% in 2008.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

Biofuels Digest Index gains 2.60 percent to close at 52.45 as Aventine’s fall slows advance

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, gained 2.60 percent to close at 52.45.  Archer Daniels Midland (ADM) rose 0.62 percent to $25.79, while Aventine Renewable Ener...

Aventine suspends construction at 113 Mgy corn ethanol plant in Nebraska; cites ethanol economics

In Nebraska, Aventine Renewable Energy announced that it has suspended construction on its 113 Mgy corn ethanol plant in Aurora. The company said that the construction halt was scheduled to last six m...

Construction halts on 100 Mgy corn ethanol plant in Iowa

In Iowa, construction has been halted at the 100 Mgy Tate and Lyle ethanol plant in Fort Dodge. The company cited economic conditions for the halt, but said it would not lay off company employees and ...

100 Mgy corn ethanol plant in Georgia to complete construction next month

In Georgia, the $185 million 100 Mgy First United Ethanol (FUEL) corn ethanol plant in Mitchell County announced that it will complete construction in August and will commence production in October. I...

China Clean Energy completes construction on 28 Mgy biodiesel plant

In China, China Clean Energy announced the it has completed construction at its 28 Mgy biodiesel plant in Jiangyin plan. The company said that it may produce up to 40 percent specialty renewable chemi...

ICM lays off 105 ethanol plant construction staff as slowdown continues

In Kansas, the leading designer of ethanol plants, ICM, announced a layoff of 105 employees, or 16 percent of its workforce, due to the downturn in plant construction activity.  The company cites c...