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News Breaks
November 14, 2012
05:12 EDTBIOFBiofuel Energy CEO: currently operating only the Nebraska plant
CEO Scott H. Pearce commented: "We continue to try to make the appropriate operating decisions in managing our assets. Given the continuation of a weak corn-ethanol crush spread, and additional pressure from local corn basis, we are currently operating only our Nebraska plant. We look forward to an improved crush spread environment in which we can restart our Minnesota facility. In the meantime, we continue to have ongoing dialogue with our senior lenders to resolve our current liquidity issues and enhance our working capital position going forward."
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