10 December 2007 16:12 [Source: ICIS news]
HOUSTON (ICIS news)--US ethanol producer Pacific Ethanol is suspending construction of its plant near Calipatria, California, roughly 140 miles (225 km) east of San Diego, until the market improves, the company said on Monday.
The proposed plant has a capacity of 50m gal/year (189m litres/year).
The company said it would resume construction when market conditions for ethanol improve. Recently, rising corn prices have squeezed margins for US ethanol producers.
Pacific Ethanol said the company remains on target to meet its capacity goal of 200m gal in 2008.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|