Seventeen ethanol plants nationwide have been idled since last June because of a scarcity of affordable corn due to the drought and a weak market for the corn-based fuel. On Friday, a plant in Macon, Mo., took the hit — and brought the number to 18.
The northeast Missouri plant is temporarily halting operations as corn prices top $7 a bushel. It's one of 27 plants that Poet Biorefining owns nationwide, and was the first ethanol plant opened in Missouri in 2000. It has been producing 46 million gallons of ethanol per year since 2003.