Ever since last year when the Ethanol/BioDiesel industry got in trouble due to locked in high feedstock prices and the collapse of oil prices, we have not heard much from the individual Ethanol plants. Now that average profitability in the industry has returned, we are starting to hear from some of the Ethanol Plants again. United Ethanol has been one of the exceptions, continuing to provide at least some updates during the recent hard luck spell. August 4th they released a newsletter. Although we see no COES progress reference, the SkunK did not expect to see one since it was announced in the 1Q that construction has been halted awaiting financing.
"As a result of these events, we halted all construction activities . . ." 1Qp24
In this case, no reference to a competitor or a dissolved contract can be taken as "good news" by the optimists among us.
Here is the New Global Ethanol Newsletter:
http://www.unitedethanol.com/images/E0135601/UEAugust2009newsletter.pdf
SkunK
Monday, August 10, 2009
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment