Countryside drops ethanol plans

January 1, 2008

Countryside Renewable Energy Inc. abandoned its plan to consolidate up to 10 farmer-owned ethanol plants and has ceased operations. Countryside had signed nonbinding letters of intent to acquire an interest in several ethanol plants, including Dakota Ethanol LLC in Wentworth, S.D. It planned to operate the plants through the same management and marketers, allowing those plants to better compete with larger players in the ethanol industry. However, declining margins in the ethanol industry made the venture less attractive to investors. The last of the letters of intent expired Oct. 1, and Countryside ceased operations at the end of that month.

Advertisement

Advertisement

Upcoming Events

Sign up for our e-newsletter!

Advertisement

Advertisement