By OWEN FLETCHER
CHICAGO -- Valero Energy soon will have all 10 of its
ethanol plants online and operating "at or close to capacity,"
after it idled three of them last year due to low or negative
margins, company spokesman Bill Day said Tuesday.
Valero restarted its plant in Albion, Nebraska around the
start of the year. Its Bloomingburg, Ohio plant restarted at
the beginning of March, and the company expects to restart its
Linden, Indiana plant in the next week or
so, Mr. Day said.
"Corn prices have moderated somewhat, and ethanol prices
have kept pace," improving margins at the plants, he said.
Local corn shortages have challenged various ethanol
producers since a severe drought last year sharply cut the size
of the US corn harvest.
Dow Jones Newswires