Pelham ethanol plant temporarily stops production - WALB.com, Albany News, Weather, Sports

Pelham ethanol plant temporarily stops production

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PELHAM, GA -

A South Georgia Ethanol plant has stopped production until further notice.

Southwest Georgia Sole Ethanol Plant officials say due to drought stricken Midwest cornfields and higher corn prices, the company will no longer purchase corn this year to save money.

They say the plant will be idle until corn prices come down, but they insist the company is in great financial shape after coming out of Chapter 11 bankruptcy earlier this year.

"We're fine we've paid the bank off already, the working capital loan. We've got money in the bank to hold us for a good while and we just want to sit on the sidelines for a moment. We just don't want to be involved in that train wreck that's going to get somebody," said SWGE President Murray Campbell.

The plant continues to ship ethanol that's already produced and no workers have been laid off yet.

That could change depending on how long the production shutdown lasts.

 

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