Xethanol shelves 35 Mgy corn ethanol plant in Iowa, citing feedstock costs, tight credit

In Iowa, Xethanol has shelved plans for a 35 Mgy corn ethanol plant in Blairstown, citing high commodity prices and disarray in the financial markets. Xethanol originally broke ground on the plant in 2006 and expected to open the facility in 2007, but this week took an impairment charge for $2.6 million invested to date in the plant.

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