ICM lays off 105 ethanol plant construction staff as slowdown continues

April 16, 2008

In Kansas, the leading designer of ethanol plants, ICM, announced a layoff of 105 employees, or 16 percent of its workforce, due to the downturn in plant construction activity.Â The company cites commodity market and financing issues as factors which had slowed construction activity by the company, which until this year had been rapidly expanding.

BBI downsizes in face of biofuels development slowdown

In Colorado, biofuels information, engineering and conference giant BBI International is downsizing in the face of a slowdown in ethanol and biodiesel development. The company announced that it was cl...

CORNE proposes 40 Mgy corn ethanol plant for Elkton, Indiana

In Indiana, the Corporate Organization for Renewable Natural Energy (CORNE) announced plans to construct a 40 Mgy corn ethanol and biodiesel plant near Elkton. The company said that construction of th...

National Biodiesel Board CEO predicts biodiesel plant construction slowdown after period of “irrational exhuberance”

In Illinois, the CEO of the National Biodiesel Board told Reuters that there would be a "cooling off peiod" in biodiesel capacity development following a period of "irrational exhuberance". Joe Jobe s...

VeraSun Energy stops construction on Indiana plant; cites low ethanol prices

VeraSun Energy is suspending construction of its 110 Mgy corn ethanol plant in Reynolds, IN due to the fall in ethanol prices. The company said it would restart construction in 2008. Abenogoa in Sp...

International Sugar Organization says rising ethanol demand will keep prices from collapsing

The executive director of the International Sugar Organization (ISO) said that growth in demand from Asia and the Middle East, as well as rising ethanol production, will keep sugar safe from the commo...

Germany’s Verbio orders ethanol production slowdown in face of Brazilian competition

In Germany, Verbio announced that its 100,000 tonne ethanol plant in Zoerbig would reduce production owing to competition from cheap imports, primarily from Brazil. In July, Verbio has resumed product...

Written by Jim Lane · Filed Under Producer News