And another biodiesel plant shutting down
Posted in the Erie Forum
#1 Nov 2, 2012
Myke Feinman Refine Fuels Reporter
Mason City Biodiesel Plant Temporarily Stops Production
STREATOR, ILL.(DTN)-- Soy Energy, L.L.C., a 30-million gallon per year biodiesel plant in Mason City, Iowa, said Monday it would temporarily suspend production.
"Recent volatile market conditions and continued production challenges have taken a toll on Soy Energy, LLC and its employees," said company CEO Jeff Oestmann.
He said to ensure long-term health of the business, "we have made the difficult decision to temporarily shut down our facility until market conditions improve."
The shutdown includes the layoff of some employees.
"This is a tough time for biodiesel producers and a decision like this is never easy," commented Monte Shaw, Iowa Renewable Fuels Association director.
Shaw said this plant's shutdown highlights the need for Congress to "quickly pass the tax extender's package, including the biodiesel blenders tax credit during its upcoming lame duck session," Shaw added.
The biodiesel industry has asked Congress to renew the $1 per gallon tax credit for biodiesel. It expired Dec. 31, 2011.
Iowa has 13 biodiesel facilities with the capacity to produce 320 million gallons annually.
Myke Feinman can be reached at email@example.com
© Copyright 2012 DTN/The Progressive Farmer, A Telvent Brand. All rights reserved.
#2 Jan 5, 2013
I worked in the Biodiesel industry and was laid off due to congress failing to act. They can give everyting to every foreigner, but help an American keep his or her job -NO WAY!
#3 Jan 5, 2013
You are the "spending cuts" so beloved by the gop. If I was obama I would find every govt program that benefits red states and begin the cutting there. Give them the screwing that they so desperately demand.
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