VeraSun Energy Delays Startup of at North Dakota Biorefinery

VeraSun Energy Corp. announced that it will delay the startup of its 110 million-gallon-per-year (MMGY) ethanol production facility in Hankinson, North Dakota. The Hankinson biorefinery marks the third VeraSun facility that has delayed startup operations this month due to market conditions, joining other 110-MMGY plants in Welcome, Minnesota and Hartley, Iowa.

Construction on the Hankinson facility will be completed by the end of June, while construction on the Hartley and Welcome biorefineries was completed earlier this month.
 
“Given the current volatility in the market, we believe that delaying all three of these startups is the prudent decision for the long-term benefit of our company and shareholders,” said VeraSun CEO Don Endres. “Ethanol is currently being sold at a deep discount to unleaded gasoline, which has caused us to delay the start-up of these facilities until the outlook for ethanol selling prices and overall margins improve.”
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