Freedom Fuels biodiesel plant in Iowa shuts down as rising soybean oil prices take their toll

In Iowa, the Freedom Fuels biodiesel plant in Mason City has shut down production due to the high cost of soybean oil. The plant has a capacity of 30 Mgy of biodiesel, and hopes to resume production in November. Four people were laid off from their jobs as a result of the shut down.

Rising soybean prices have shuttered two Texas biodiesel plants, and are forcing producers to seek alternative feedstocks. Grainnet.com reported last month on two plant shutdowns in Pennsylvania, where state production has dropped to 5% of capacity.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

Oklahoma biodiesel plant files for liquidation, joining five others as soybean oil price hike hits hard

In Oklahoma, Green Country Biodiesel in Chelsea filed for liquidation after Cargill cut off soybean oil deliveries after the company fell behind on payments. In the past month, at least five other ...

Goldman Sachs projects $14.50 soy, $5.30 corn by December 2008; soaring prices due to biofuels and international demand

Goldman Sachs predicted that, in 2008, soybean prices will reach $14.50 per bushel and corn will increase to $5.30 per bushel by December 2008, and recommended that its clients buy corn and sell wheat...

Illinois biodiesel plant halts construction, citing high soybean oil prices

In Illinois, construction was halted at the North Prairie Productions biodiesel plant owing to high soybean oil prices. The company is planning a strategic review before potentially resuming construct...

Rising soybean prices force closure of two biodiesel plants, threaten emerging Texas biodiesel industry

Rising soybean prices have shuttered two biodiesel plants and are threatening to close down the emerging Texas biodiesel industry. Soybean prices have increased more than 50% although indications a...

Corn, soy prices jump; corn reaches 12-year high as oil crosses $100 barrier on Nigerian violence

The March contract for corn rose to a 12-year high of $4.62 per bushel, while soybean jumped to $12.48 per bushel. The rises were attributed to the rise in oil prices to over $100 per barrel, blamed i...

East Fork Biodiesel opens 60 Mgy soy biodiesel plant in Algona, Iowa

In Iowa, East Fork Biodiesel has opened its 60 Mgy soy-based biodiesel plant in Algona. The plant will be Iowa's largest and bring the state's biodiesel capacity to 250 Mgy. In October, the Freedom...