Valero to operate old VeraSun plants at full capacity depite ethanol economic woes

In New York, Valero Energy said that it will operate its seven recently purchased ethanol plants at full capacity despite difficult trading conditions. The company will invest $537 in the plant’s’ working capital on top of the $477 million acquisition price, but said that, given its ethanol blending requirements, it made sense to continue to operate at full capacity rather than purchase ethanol on the open market.

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