DowDupont is closing its cellulosic ethanol plant in Nevada, Iowa, part of the newly-merged company’s move to cut costs by three billion dollars.
The 30-million gallon, 225 million dollar facility opened to much fanfare in 2015, but DowDuPont says the operation no longer fits its strategic plan. The company says it hopes to find a buyer for the plant, which used corn residue as its feedstock.
Monte Shaw, executive director of the Iowa Renewable Fuels Association, says while they’re disappointed by the move, it doesn’t change the positive outlook for cellulosic ethanol.
Continue reading DowDuPont closes its Iowa cellulosic ethanol plant at Brownfield Ag News.
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