By STEVE GELSI
A combination of rising corn prices in the face of a Midwest
drought and lower demand for gasoline has caused Valero Energy
to shut down two of its 10 ethanol plants, company spokesman
Bill Day said Thursday.
Valero temporarily suspended production last week at its
Albion, Neb., ethanol plant, while its Linden, Ind., facility
shut down production on Tuesday.
Each plant has the capacity to produce 120 million gal/year
A total of 120 employees work at the two plants. All of them
will remain on the payroll and at their jobs during the
shutdown, the company said.
"We expect market conditions to improve to the point that we
can restart production at the plants before the fall harvest,"
the company said.
Dow Jones Newswires