VeraSun will stop accepting some contracts

Updated: November 21, 2008 - 10:29 PM

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Ethanol producer VeraSun Energy Corp. said it will reject some corn contracts because of delays in starting up new plants. The company won't accept corn at the delayed distilleries in Janesville and Welcome, Minn., Sioux Falls, S.D.-based VeraSun said. The plants are each designed to produce 110 million gallons. VeraSun also said it has temporarily stopped receiving and processing corn at some of its other refineries while it searches for capital. The company filed for bankruptcy protection on Oct. 31, blaming swings in the price of corn.

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