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Iowa Ethanol Plant Ceasing Production, Cites Poor Economics


In the letter to suppliers Keiser said it wasn’t an easy decision.

“We know this is not pleasant news,” the letter said.

“Ethanol has struggled to achieve profitability. Market demand remains weak and despite improvements to the production process, we were unable to achieve profitability. As the product is not core to Ingredion’s growth strategy or key markets, the company has made the difficult decision to cease production and restructure roles and responsibilities within the facility to meet future production requirements.”

Keiser told suppliers the company would continue to manufacture corn-based products in starch, germs and proteins.

Hary said about 30 employees are affected by the decision. In all, the facility as about 175 employees. “Our main focus is for the respect and care of our impacted employees, and we are committed to supporting them during this transition,” she said.

Todd Neeley can be reached at todd.neeley@dtn.com

Follow me on Twitter @toddneeleyDTN



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