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Indiana ethanol plant resumes operations

Bloomberg News
September 19, 2012
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Valero Energy Corp., the third-largest U.S. ethanol producer, has restarted distilleries in Nebraska and Indiana, as profit margins for the fuel improved.

San Antonio-based Valero halted the operations in Albion, Neb., and Linden, Ind., in June, citing unprofitable returns. The Linden plant, about 50 miles northwest of Indianapolis, has about 60 employees who continued to work on maintenance during the shutdown.

The company is now operating all 10 of its plants, with the capacity to produce 1.2 billion gallons of the fuel annually.

“Ethanol margins improved to the point where it became feasible to operate the plants again,” Bill Day, a company spokesman, said in an e-mail. “We had said when we closed the plants down temporarily in June that we expected them to be back in operation during the harvest.”

The Agriculture Department said that 26 percent of the corn harvest was completed as Sept. 16, up from 15 percent a week earlier.

Poet LLC in Sioux Falls, S.D., is the largest U.S. ethanol producer, followed by Archer Daniels Midland Co. in Decatur, Ill.

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  1. The east side does have potential...and I have always thought Washington Scare should become an outlet mall. Anyone remember how popular Eastgate was? Well, Indy has no outlet malls, we have to go to Edinburgh for the deep discounts and I don't understand why. Jim is right. We need a few good eastsiders interested in actually making some noise and trying to change the commerce, culture and stereotypes of the East side. Irvington is very progressive and making great strides, why can't the far east side ride on their coat tails to make some changes?

  2. Boston.com has an article from 2010 where they talk about how Interactions moved to Massachusetts in the year prior. http://www.boston.com/business/technology/innoeco/2010/07/interactions_banks_63_million.html The article includes a link back to that Inside Indiana Business press release I linked to earlier, snarkily noting, "Guess this 2006 plan to create 200-plus new jobs in Indiana didn't exactly work out."

  3. I live on the east side and I have read all your comments. a local paper just did an article on Washington square mall with just as many comments and concerns. I am not sure if they are still around, but there was an east side coalition with good intentions to do good things on the east side. And there is a facebook post that called my eastside indy with many old members of the eastside who voice concerns about the east side of the city. We need to come together and not just complain and moan, but come up with actual concrete solutions, because what Dal said is very very true- the eastside could be a goldmine in the right hands. But if anyone is going damn, and change things, it is us eastside residents

  4. Please go back re-read your economics text book and the fine print on the February 2014 CBO report. A minimum wage increase has never resulted in a net job loss...

  5. The GOP at the Statehouse is more interested in PR to keep their majority, than using it to get anything good actually done. The State continues its downward spiral.

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