The recently re-opened ethanol plant in Buffalo Lake has shut down again, and its top executives have now been fired amid a bitter bankruptcy fight. Only 10 of Purified Renewable Energy’s 23 employees remain on the job. And the plant reportedly has just enough borrowed money for a few weeks. The former Minnesota Energy plant was built in 1997 and is 1 of the smallest ethanol plants in the state. It was closed for over 2 years, but resumed production last year after a farmers cooperative sold it to new investors financed by a New York hedge fund. The re-opened plant never hit its 25-million gallon a year capacity. Two fires last fall disrupted operations, and the entire ethanol industry has been struggling with high corn prices.
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- Butterfield man in farm accident loses the battle
- Nicollet principal moving to LCWM
- As school year winds down, construction picks up at NUPS
- Investigation reveals deaths in Mankato was a murder-suicide
- Gaylord Medical School makes progress
- 3 injured in Glencoe accident
- 2nd Annual Spring into Summer Women’s Expo!
- Nicollet Principal to LCWM
- Harkin Store opens today