Construction firms file $20 million in liens against Central Illinois Energy as ethanol shakeout continues

In Illinois, construction firms filed $20 million in mechanic’s liens against Central Illinois Energy, which owns the Canton, IL ethanol plant. The liens were filed after non-payment of construction and engineering bills for the plant.

The shakeout from falling ethanol and rising corn prices has hit Illinois hard.
Three corn ethanol projects have been cancelled or delayed, in addition to the reorganization of Central Illinois Energy.

Aventine Renewable Energy canceled a plant expansion in Pekin, and Alternative Energy is facing financing delays for its proposed plants in Kankakee and Greenville. The Pekin project would have added 113 Mgy in production capacity.

In all, Aventine has suspended work on five projects with 565 Mgy in planned capacity.

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