Altra Biofuels shuts down ethanol plants in Ohio and Indiana

In California, Altra Biofuels announced that they have shut down production at their two ethanol plants formerly operating in Cloverdale, Indiana and Coshocton, Ohio. The Altra plant in Cloverdale commenced operation in May, with an initial capacity of 84 Mgy that the company had announced it would expend to 100 Mgy. The complete staff of the plant were laid off indefinitely. The company did not reveal the reason for closure, but low ethanol prices and the continuing credit squeeze are likely to have been the key factors in the shutdown, according to observers.

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