Tough times for ethanol makers

  • Updated: September 21, 2012 - 8:10 PM

Seven Minnesota-affiliated ethanol companies have reported net losses for the second quarter.

Advanced BioEnergy, no Minnesota plants but based in Bloomington
2nd quarter 2012 revenue $138 million, 2nd quarter 2012 net income -$9.2 million
2nd quarter 2011 revenue $154.8 million, 2nd quarter 2011 net income  -$1.8 million

BioFuel Energy Corp, plant in Fairmont
2nd quarter 2012 revenue $123 million, 2nd quarter 2012 net income  -$10.6 million
2nd quarter 2011 revenue $168.5 million, 2nd quarter 2011 net income -$7.0 million

Gevo, plant in Luverne, converting from ethanol to isobutanol production
2nd quarter 2012 revenue $7 million, 2nd quarter 2012 net income -$16.2 million
2nd quarter 2011 revenue $14.5 million, 2nd quarter 2011 net income -$12.5 million

Granite Falls Energy, plant in Granite Falls
2nd quarter 2012 revenue $42 million, 2nd quarter 2012 net income -$0.6 million
2nd quarter 2011 revenue $45.4 million, 2nd quarter 2011 net income $1.6 million

Green Plains Renewable Energy, plant in Fergus Falls and eight others outside state
2nd quarter 2012 revenue $870 million, 2nd quarter 2012 net income -$7.6 million
2nd quarter 2011 revenue $861.6 million, 2nd quarter 2011 net income $5.0 million

Heron Lake BioEnergy, plant in Heron Lake
2nd quarter 2012 revenue $41 million, 2nd quarter 2012 net income -$0.5 million
2nd quarter 2011 revenue $43.0, 2nd quarter 2011 net income -$0.7 million

Highwater Ethanol, plant in Lamberton
2nd quarter 2012 revenue $39 million, 2nd quarter 2012 net income -$1.1 million
2nd quarter 2011 revenue $43.1 million, 2nd quarter 2011 net income $0.7

Source: Bloomberg
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