Aventine delays opening of Neb. ethanol plant
Monday October 13, 11:39 am ET
Aventine delays opening of Neb. ethanol plant by 3 months because of financial concerns
AURORA, Neb. (AP) -- Aventine Renewable Energy Holdings Inc. will delay the opening of its new ethanol plant in Aurora, Neb., by roughly three months because of cost concerns.
The Pekin, Ill., company had planned to open the 113-million-gallon plant next March but now is shooting for June.
Aurora Mayor Marlin Seeman says company officials have prioritized another ethanol project in Indiana ahead of the Aurora project. And the ongoing credit crunch has made it difficult for the company to afford both projects at the same time.
Aventine's Daniel Trunfio says the company is still committed to completing its Nebraska and Indiana projects. But he says the construction delay will help Aventine stretch its resources.
Source: Associated Press
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