AGP not reopening ethanol plant

Ag Processing Inc. of Omaha announced late Friday that the corn processing plant in Hastings will not be reopening.

The corn processing plant that makes ethanol was put on a temporary shutdown Feb. 1 because of a slowdown in the economy, high corn prices and low oil prices that reduced ethanol consumption.

AGP stated Friday in a news release that it would be permanently shutting down the corn processing operation.

Matt Caswell, vice president of corporate relations with AGP in Omaha, said the age and high utility costs associated with operation of the Hastings plant led to the decision.

To read more, see Saturday's Hastings Tribune or the Tribune e-edition.>>>

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