Thu August 30, 2012
Valero plant close to reopening
Production at a bio-fuel plant in Linden remains suspended, but the facility is expected to reopen soon.
Valero Renewables is bracing to restart ethanol operations within the next few weeks.
But, company spokesperson Bill Day says exactly when is unknown.
He says when production resumes, it likely won’t be at full capacity.
Currently, 60 employees work at the Linden site. None of them lost their jobs or pay due to the shutdown.
Day says even though production was halted, the workers did facility maintenance projects and underwent training.
He would not disclose the financial impact of the shutdown, but does say Valero’s ethanol production as a whole is making a profit this year.
The plant shut down because it wasn’t making a profit.
The difference between corn prices and ethanol sales were not enough.
Day says the company decided it would be more economically sound to halt production than continue to lose money.
However, he says, Valero is making a profit on ethanol production company-wide.