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You are here: Home / News / Ethanol industry facing trouble

Ethanol industry facing trouble

March 3, 2009 By WRN Contributor

Wisconsin's once-promising ethanol industry seems to be in the tank, at least for now.

The state's largest ethanol plant in Jefferson has filed for bankruptcy and plans for at least a half-dozen others have been shelved.

Paul Zimmermann of the Wisconsin Farm Bureau says it's another sign of the troubled economy. Zimmermann says many ethanol plants have had difficulty turning a profit. Lower demand and dropping prices for oil are also seen as a major factor.

Still, Zimmermann expects a turnaround in the future. He says we're going to have an increased need for renewable energy and ethanol will be a big part of that in Wisconsin. 

AUDIO: John Colbert reports (MP3 :38)

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