15 February 2013 19:41 [Source: ICIS news]
HOUSTON (ICIS)--US refiner Valero has restarted its Albion ethanol plant in Nebraska, the company said on Friday.
The plant was shut down for economic reasons. The high price of corn and the massive drought in the midwest has created very thin margins for ethanol refiners.
Valero spokesman Bill Day said they restarted the refinery earlier this month because of "improved market conditions".
Valero has 10 ethanol plants, two of which have been idled - one in Linden, Indiana, and the other in Bloomingburg, Ohio.
"Albion is currently running at planned rates," Day said. "Linden and Bloomingburg will restart when market conditions in those areas improve to the point where the plants can be operated profitably."
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