Colorado-based Biofuel Energy Corporation has eliminated about 45 full-time jobs at its ethanol plant in Fairmont, Minnesota.
DENVER (AP) - Colorado-based Biofuel Energy Corporation has eliminated about 45 full-time jobs at its ethanol plant in Fairmont, Minnesota.
The company's vice president and general counsel, Mark Zoeller, said Wednesday that an adjacent grain storage facility will continue operating with about 15 remaining employees.
He says the company had about 135 employees before the cuts.
The Fairmont plant had stopped ethanol production in September amid high corn prices and lower prices for the corn-based fuel additive.
At the time, the company said it wouldn't make any changes to its operations team so it could restart the plant on short notice.
The company now says it expects the plant to remain idle until this year's harvest season.
Another plant near Wood River, Nebraska is operating normally with full staffing.
(Photo Credit: Biofuel Energy Corp.)