Ethanol Plant Could Face Wrecking Ball
The volatility experienced by the oil and gas industry over the past several years has increased the focus on alternative sources of transportation fuel — especially ethanol — both within the industry and throughout America. However, lower demand for gasoline — which the government mandates be blended with ethanol — coupled with sky-rocketing prices of the corn needed to produce ethanol have had a serious effect on production at some ethanol plants.
Struggling fuel-making facilities are in danger of falling to liquidators before market recovers.
Rob Carringer, Deloitte CRG principal at Deloitte Financial Advisory Services LLP, who has served as an interim chief restructuring officer and Ch. 11 Trustee in ethanol companies, speaks with the Wall Street Journal about the ways corporate restructuring has changed within the ethanol production industry.
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