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Valero restarts US ethanol plants as margins swell

Valero restarts US ethanol plants as margins swell
09.19.2012 |

Valero idled operations in Nebraska and Indiana in June, citing unprofitable returns. Each plant has the capacity to produce 120 million gal/year of ethanol. “Ethanol margins improved to the point where it became feasible to operate the plants again,” said Bill Day, Valero spokesman.

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Valero Energy has restarted ethanol plants in Albion, Nebraska, and Linden, Indiana, amid improving margins, the US-based company said on Wednesday.

Valero idled operations in Nebraska and Indiana in June, citing unprofitable returns. Each plant has the capacity to produce 120 million gal/year of ethanol.

“Ethanol margins improved to the point where it became feasible to operate the plants again,” said Bill Day, Valero spokesman.

“We had said when we closed the plants down temporarily in June that we expected them to be back in operation during the harvest.”

A total of 120 employees work at the two plants. All of them remained on the payroll and at their jobs during the shutdown.

Valero is now operating all 10 of its US ethanol plants, with a total capacity to produce 1.2 billion gal/year.
http://www.hydrocarbonprocessing.com/Article/3091634/Latest-News/Valero-restarts-US-ethanol-plants-as-margins-swell.html