Ethanol plants return to profitability
The ethanol industry appears to be back on its feet after hitting a rough patch earlier this year.
Nebraska Ethanol Board administrator Todd Sneller says the ethanol profitability picture has improved considerably in the past five weeks. Sneller says there are a couple of reasons for that.
“One is that there is a pretty good demand for ethanol at this point—and so we hope to continue that demand,” Sneller says. “We’re also seeing a number of companies that have adopted technology that’s helped them. In some cases, corn oil extraction has been a very important addition to their product stream and their revenue stream.”
Sneller says most of the ethanol plants that were temporarily idled earlier this year are now back in production.
Sneller spoke with Brownfield Thursday morning, just prior to the start of the Nebraska Ethanol Board’s Emerging Issues Forum in Omaha. He says the main topic of discussion at this year’s forum is the Renewable Fuels Standard.
AUDIO: Todd Sneller (5:51 MP3)
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