{"id":7383,"date":"2011-07-14T14:34:39","date_gmt":"2011-07-14T14:34:39","guid":{"rendered":"http:\/\/prairieswine.com\/rsc\/?p=7383"},"modified":"2011-07-14T14:34:39","modified_gmt":"2011-07-14T14:34:39","slug":"international-roundup-ethanol-boom-running-out-of-gas","status":"publish","type":"post","link":"http:\/\/prairieswine.com\/rsc\/international-roundup-ethanol-boom-running-out-of-gas\/","title":{"rendered":"International Roundup &#8211; Ethanol boom running out of gas"},"content":{"rendered":"<p>Development of new ethanol plants in the USA is grinding to a halt, according to a recent report by Jon Birger in CNN Money\u2019s Fortune Magazine. Cargill has announced it is scrapping plans for a $200 million ethanol plant near Topeka, Kan. and the bankruptcy sale of an unfinished ethanol plant in Canton, Ill. was approved in early March, says the article. <\/p>\n<p>Plans for as many as 50 new ethanol plants have been shelved in recent months, as Wall Street pulls back from the sector, says Paul Ho, a Credit Suisse investment banker specializing in alternative energy. Financing for new ethanol plants, Ho says, \u201chas been shut down.\u201d<\/p>\n<p>The reason for the slowdown is runaway corn prices, notes the report. Spurred by an ethanol plant construction binge, corn prices have gone stratospheric, it says, soaring from below $2 a bushel in 2006 to over $5.25 a bushel today. As a result, it\u2019s become difficult for ethanol plants to make a healthy profit, even with oil at $100 a barrel. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Development of new ethanol plants in the USA is grinding to a halt, according to a recent report by Jon Birger in CNN Money\u2019s Fortune Magazine. Cargill has announced it is scrapping plans for a $200 million ethanol plant near Topeka, Kan. and the bankruptcy sale of an unfinished ethanol plant in Canton, Ill. was [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,5],"tags":[8882,2096,10033,2854,24643,18304,12670,25122,27278,3089,7797,316,14804,111,10859,16262,4257,5269,20911,24994],"class_list":["post-7383","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy","tag-al","tag-alternative","tag-arc","tag-bin","tag-bing","tag-bushel","tag-down","tag-eet","tag-energy","tag-ethanol","tag-ethanol-plant","tag-gas","tag-hal","tag-health","tag-nat","tag-pl","tag-prices","tag-report","tag-t","tag-usa"],"_links":{"self":[{"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/posts\/7383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/comments?post=7383"}],"version-history":[{"count":1,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/posts\/7383\/revisions"}],"predecessor-version":[{"id":7384,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/posts\/7383\/revisions\/7384"}],"wp:attachment":[{"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/media?parent=7383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/categories?post=7383"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/tags?post=7383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}