SeMo Ethanol Company Files for Bankruptcy - KAIT Jonesboro, AR - Region 8 News, weather, sports

Cape Girardeau, MO

SeMo Ethanol Company Files for Bankruptcy

CAPE GIRARDEAU, MO - A company that at one time planned to build an ethanol production plant in Cape Girardeau now will file for bankruptcy.

Ethanex Energy Inc. was unable to gain interim financing.  At one time, Ethanex planned a production facility at the SEMO Port Authority.

Ethanol was all the rage a year ago, but other firms are also struggling now.  In Sikeston, Bootheel Agri-Energy LLC was recently forced to return cash invested in its proposed plant.

Bob Smallwood is president of SEMO Milling, a corn milling plant that formed a partnership with Ethanex.  Smallwood says the profit margin on ethanol has shrunk to about one-third the amount of a year ago due to high corn prices and falling ethanol prices.

(Copyright 2008 by The Associated Press.  All Rights Reserved.)

  • Region 8 News</span><a class="customMoreLink" href="/Global/category.asp?C=4391" target="_top">More >></a>Region 8 NewsMore>>

  • Cut-A-Thon for Christopher planned

    Cut-A-Thon for Christopher planned

    Friday, March 24 2017 3:54 PM EDT2017-03-24 19:54:00 GMT
    Friday, March 24 2017 5:00 PM EDT2017-03-24 21:00:23 GMT
    Christopher Copeland needs a liver transplant at UAMS to survive. (Source: Christopher Copeland)Christopher Copeland needs a liver transplant at UAMS to survive. (Source: Christopher Copeland)

    Former Jonesboro hairdresser in desperate need of liver transplant.

    Former Jonesboro hairdresser in desperate need of liver transplant.

  • ASP searching for man suspected in woman's murder

    ASP searching for man suspected in woman's murder

    Friday, March 24 2017 12:43 PM EDT2017-03-24 16:43:56 GMT
    Friday, March 24 2017 12:47 PM EDT2017-03-24 16:47:55 GMT
    Brian Keith Freeman (Source: Arkansas State Police)Brian Keith Freeman (Source: Arkansas State Police)

    Arkansas State Police are asking for the public’s help in finding a man suspected of killing a woman.

    Arkansas State Police are asking for the public’s help in finding a man suspected of killing a woman.

  • A Better Region 8 Guest Editorial: Smoke alarm installation drive

    A Better Region 8 Guest Editorial: Smoke alarm installation drive

    Friday, March 24 2017 12:30 PM EDT2017-03-24 16:30:24 GMT
    Friday, March 24 2017 12:35 PM EDT2017-03-24 16:35:56 GMT
    ABR8.jpgABR8.jpg

    Did you know that every day in Northeast Arkansas someone loses their home to fire?  Sadly, injuries are often sustained and even worse, there may be loss of life.  

    Did you know that every day in Northeast Arkansas someone loses their home to fire?  Sadly, injuries are often sustained and even worse, there may be loss of life.  

Powered by Frankly