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Gasoline Plunge Wiping Out Profits for Ethanol Producers: Energy

2015-02-25 20:42:59| Oil & Gas - Topix.net

Valero Energy Corp. and Green Plains Renewable Energy Inc., representing about 15 percent of U.S. capacity, have reduced operations as margins have narrowed. At a typical mill in Illinois that makes ethanol from corn, profit margins have almost disappeared after reaching $1.33 a gallon a year ago, according to AgTrader Talk, a Clive, Iowa-based consulting company.

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