Ethanol prices have hit a record low in recent days and the Renewable Fuels Association says many ethanol plants could be on the verge of shutting down.
Kelly Nieuwenhuis, chairman of the
board of the Siouxland Energy ethanol plant at Sioux Center, Iowa, says the
industry is in “dire straits”. He says Siouxland Energy directors will be
meeting later this week to discuss the situation.
“Things have changed drastically
since the end of February, so we’ll see how we’re sitting,” Nieuwenhuis says.
