Biofuel Energy cuts 45 jobs at Minnesota ethanol plantDENVER (AP) — Denver-based Biofuel Energy Corp. has eliminated about 45 full-time jobs at its ethanol plant in Fairmont, Minn.
DENVER (AP) — Denver-based Biofuel Energy Corp. has eliminated about 45 full-time jobs at its ethanol plant in Fairmont, Minn.
The company said Wednesday that an adjacent grain storage facility will continue operating with remaining employees.
A company spokesman didn't return a phone message regarding how many employees remain. Last March, Biofuel Energy reported almost 150 employees companywide.
The Fairmont plant had stopped ethanol production in September amid high corn prices and lower prices for the corn-based fuel additive. At the time, the company said it wouldn't make any changes to its operations team so it could restart the plant on short notice. The company now says it expects the plant to remain idle until this year's harvest season.
Another plant near Wood River, Neb., is operating normally with full staffing.