Rumour has it Minnedosa soon to be shut down or sold.
Pacific Ethanol is one of two major ethanol companies to report losses on Thursday. Pacific Ethanol and Archer Daniels Midland said in separate earnings calls the U.S. reaching a trade deal with China would be huge for the industry in a persistent, negative-margin environment.
Koehler said the industry continues to suffer from oversupply, a lack of trade with China and from small-refinery exemptions to the Renewable Fuel Standard that have reduced demand since 2016 by about 2.6 billion ethanol-equivalent gallons.