Posted: Jun 28, 2012 5:07 AM
Updated: Jun 28, 2012 5:08 AM
LINDEN, Ind. (AP) Valero Energy Corp. has temporarily stopped production at a central Indiana ethanol plant because of rising corn prices.
The company shut down the Linden plant on Tuesday, a week after it idled another of its ethanol plants in Albion, Neb. Company spokesman Bill Day tells the Journal & Courier (http://on.jconline.com/OBMhfQ ) that it isn't profitable to run the plants with corn prices going up during the drought that's hit much of Indiana and Illinois.
Day says the some 60 employees at the Linden plant will continue working on maintenance jobs and other duties. He says the company expects to resume production at the plant about 40 miles northwest of Indianapolis sometime before the fall harvest.
San Antonio-based Valero bought the Linden plant in 2010 from VeraSun Energy Corp.
Information from: Journal and Courier, http://www.jconline.com