(Bloomberg) -- Aventine Renewable Energy, an
ethanol-producer whose shares have fallen about 34 percent this
year, said the price slump for the additive that began a year
ago may last for the next two years because of a supply glut.
U.S. ethanol prices are down 25 percent from an all-time
high in 2006. Pekin, Illinois-based Aventine is delaying the
expansion of its hometown distillery because of an industry
slump caused by supply outpacing demand, the company's Chief
Executive Officer Ronald Miller said in an interview yesterday.
Read more at Bloomberg Energy News
ethanol-producer whose shares have fallen about 34 percent this
year, said the price slump for the additive that began a year
ago may last for the next two years because of a supply glut.
U.S. ethanol prices are down 25 percent from an all-time
high in 2006. Pekin, Illinois-based Aventine is delaying the
expansion of its hometown distillery because of an industry
slump caused by supply outpacing demand, the company's Chief
Executive Officer Ronald Miller said in an interview yesterday.
Read more at Bloomberg Energy News
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