NewsMay 28, 2008
Plans for Monroe City ethanol plant appear on hold
MONROE CITY, Mo. (AP) -- A $220 million ethanol plant in northeast Missouri's Monroe City may not materialize. The developer's option on a 320-acre site has expired, and a sister facility elsewhere is also on hold. Gulfstream Bioflex Energy announced plans for the plant in January 2007. But since then, corn prices have jumped dramatically, making ethanol a less attractive option...
MONROE CITY, Mo. (AP) -- A $220 million ethanol plant in northeast Missouri's Monroe City may not materialize.
The developer's option on a 320-acre site has expired, and a sister facility elsewhere is also on hold.
Gulfstream Bioflex Energy announced plans for the plant in January 2007. But since then, corn prices have jumped dramatically, making ethanol a less attractive option.
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Neither Gulfstream executives nor the company's attorney returned calls seeking comment.
The Monroe City plant would employ 55 people. It would take 16 months to build.
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Information from: Hannibal Courier-Post, http://www.hannibal.net
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