Cargill is reopening an ethanol plant in Ft. Dodge, Iowa which may be a signal of better ethanol margins for the industry. Iowa Renewable Fuels Executive Director Monte Shaw says this is a wet mill facility that will produce over 100 million gallons of ethanol annually.
Shaw says the facility was purchased by Cargill in the building stage, but not finished until now.
Several other ethanol plants that were shuttered during the drought of 2012 are also coming back on line in Minnesota, Nebraska and Indiana.