All Entries Tagged With: "VeraSun Energy"
VeraSun Energy to auction seven ethanol plants with 640 Mgy in capacity, by March
In South Dakota, bankrupt ethanol giant VeraSun Energy received Delaware bankruptcy court approval to auction seven ethanol plants in March. The seven plants were acquired at the time of the US BioEnergy merger last year, and have been idle for several months due to the liquidity crisis at the company. VeraSun acquired a total of [...]
Pacific Ethanol, VeraSun idle three corn ethanol plants as gas price collapse bites industry
Pacific Ethanol and VeraSun Energy announced a combined total of three new plant closures as the toll of closures rose to six for 2009 to date. Pacific Ethanol shut its 40 Mgy corn ethanol plant in Madera, CA and VeraSun shuttered 220 Mgy in capacity in Albion, NE and Linden, IN.
The Digest reported on Friday [...]
The Top 10 Biofuels Stories of 2008: #7, VeraSun’s bankruptcy, and the first generation ethanol collapse
The meltdown seemed to commence in the early summer when corn prices jumped from the $4 range to $7.
Biofuel Energy was the first to indicate that they had significant negative exposure on corn prices. In their case, they had failed to hedge their purchases and were buying in the sky-high open markets and selling ethanol [...]
NCGA offers guidance to corn growers re: bankrupt VeraSun Energy
In Missouri, the National Corn Growers Association has offered guidance to corn growers on the status of present contracts with bankrupt VeraSun Energy, representing more than 10 percent of corn demand from the ethanol industry. The NGCA said that it had formed an Ad Hoc Advisory Committee to represent the interests of corn growers in [...]
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