The board of directors planning to build a biodiesel plant in
Evansville has voted to end the project, according to a letter from chairman
John Sheehy.
North Prairie Productions halted construction in November on the
biodiesel project on the city’s east side because of “rapidly rising commodity
prices and the decision by a key lender to withdraw from its loan commitment,”
Sheehy wrote.
Commodity price increases continue “to outstrip the ability to
produce and market biodiesel fuel at a profit,” he wrote.
Make sure you check out the comments. Evansvillehousewife takes a fellow to the woodshed. Metaphorically, of course.
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