Tough times for ethanol makers

September 22, 2012 at 1:10AM

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-$9.2million
2nd quarter 2011 revenue $154.8 million, 2nd quarter 2011 net income -$1.8 million

BioFuel Energy Corp, plant inFairmont
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 inGranite 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 inFergus 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 inHeron 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 inLamberton
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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