Lockrem couldnot be immediately reached early VeraSun also previously said it planned to bring online milliongalyear plant in Janesville, Minnesota, in the fourth quarter. Ethanol is currently being sold at deep discount to unleaded gasoline,which has caused us to delay the startup of these facilities until theoutlook for ethanol selling prices and overall margins improve.
VeraSun is well capitalized at this point and we consider it wise todelay the startup of new plants, said UBS said in report. By its statements tally, the Brookings, South Dakotabased company hasmore than billion gallons of annual ethanol production capacity through 14plants and three additional facilities are currently either under constructionor development with combined capacity of million gallons. Lockrem couldnot be immediately reached early On 17, company spokesman Mike Lockrem said the Hankinson plantremained on track to start at the end of this month.
It recently began project at its existing Aurora, South Dakota,facility to extract oil from dried distillers grains. VeraSun is well capitalized at this point and we consider it wise todelay the startup of these facilities until theoutlook for ethanol selling prices and overall margins improve. Construction on the Hankinson facility is to be completed by the end ofthe month, while construction of the Hartley and Welcome plants was completedearlier this month.
It recently began project at its existing Aurora, South Dakota,facility
On 17, company spokesman Mike Lockrem said the Hankinson plantremained on track to start at the end of this month. Newsvine.
It recently began project at its existing Aurora, South Dakota,facility to extract oil from dried distillers grains. Newsvine.
It recently began project at its existing Aurora, South Dakota,facility to extract oil from dried distillers grains. Uponcompletion of the new facilities, VeraSun Energy will have an annualproduction capacity of approximately billion gallons. VeraSun is well capitalized at this point and we consider it wise todelay the startup of new plants, said UBS said in report. For similar news, request free trial to Platts Petrochemical Report at or subscribe Post this story to del. icio. us. VeraSun also previously said it planned to bring online milliongalyear plant in Janesville, Minnesota, in the fourth quarter.
Newsvine.
NowPublic. VeraSun is well capitalized at this point and we consider it wise todelay the startup of these facilities until theoutlook for ethanol selling prices and overall margins improve. Construction on the Hankinson facility is to be completed by the end ofthe month, while construction of the Hartley and Welcome plants was completedearlier this month. Lockrem couldnot be immediately reached early Given the current volatility in the market, we believe that delaying allthree of these startups is the prudent decision for the longterm benefit ofour company and shareholders, VeraSun CEO Don Endres said in statement.
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