VeraSun Delays Another Ethanol Plant Start-Up

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Researched by Industrial Info Resources (Sugar Land, Texas)--The nation's second largest ethanol producer, VeraSun Energy Corporation (NYSE: VSE) (Brookings, South Dakota), has delayed the opening of another new fuel ethanol plant. The delay may be affecting the company's value, as the stock is now trading at a near 52-week low at $3.97 per share.

The news comes on the heels of an announcement made last week that the company has delayed the opening of two new fuel ethanol plants that are nearing completion in Welcome, Minnesota and Hartley, Iowa.

VeraSun CEO Don Endres said "Ethanol is currently being sold at a deep discount to unleaded gasoline, which has caused us to delay the start-up of these facilities until the outlook for ethanol selling prices and overall margins improve."

Construction of the 110-million-gallon-per-year plant is scheduled to be completed this month and the plant will sit idle until market conditions improve.

VeraSun still remains optimistic that ethanol projects nearing completion in Janesville, Minnesota, and Dyersville, Iowa, will go into production as planned.

Industrial Info's Ethanol Database provides a comprehensive outline of all current development activities in the emerging alternative fuels market. This database covers 156 ethanol plants in operation and 530 plants under development. It also covers 98 operational biodiesel plants and 245 biodiesel plants under development.

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