CHICAGO Jan 29 A White Energy ethanol plant in
Plainview, Texas, that has been idled since Jan. 7 will remain
closed through March and possibly until the last quarter of 2013
due to poor profit margins, a spokesman said Tuesday.
"We are going to be down (for the) first quarter for
certain. We are going to keep an eye on margins," said Ron
Dunbar, vice president of ethanol operations for privately held
"It's probably not going to come back up until the third or
fourth quarter," Dunbar said.
The Plainview ethanol plant, which has a capacity of 120
million gallons a year, stopped accepting corn in mid- to late
December, Dunbar said.
U.S. ethanol producers have struggled with poor margins amid
rising stockpiles and high corn prices. Earlier on Tuesday,
independent oil refiner Valero Energy Corp said it idled
three of its 10 ethanol production facilities during the final
three months of 2012.
POET, another U.S. ethanol producer, last week said it would
temporarily suspend operations at its Macon, Missouri, plant
, and Abengoa Bioenergy said this month
it would temporarily halt ethanol production at two plants in