W W W DOT cbsnews DOT C O M/8301-505245_162-57372525/adm-closing-north-dakota-ethanol-plant-in-april/
Message Posted: Apr 9, 2012 7:06:45 AM
"Archer Daniels Midland Co. is closing its ethanol plant in the northeastern North Dakota city of Walhalla in April, putting 61 people out of work."
"The plant opened in 1985 as Dawn Enterprises. It changed hands twice in the late-1980s and early 1990s and has closed and reopened several times throughout its history, its fate tied to fluctuating gas prices and various subsidies and tax incentives, the Grand Forks Herald reported."
"Company spokeswoman Jessie McKinney said the closure of the plant is not tied to the expiration last year of a federal tax credit for the corn-based fuel."
- Riiiiiiiight... LOL!
[Edited by: antiguzzle at 4/9/2012 10:09:13 AM EST]