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>>

  • Malls in state of change, real estate developer says

    Malls in state of change, real estate developer says

    Thursday, December 14 2017 9:20 PM EST2017-12-15 02:20:08 GMT
    Friday, December 15 2017 9:12 AM EST2017-12-15 14:12:29 GMT
    The Mall at Turtle Creek (Source: KAIT)The Mall at Turtle Creek (Source: KAIT)

    The business of shopping is changing, a local commercial real estate official said, noting it is a trend that is being seen and felt around the country.

    The business of shopping is changing, a local commercial real estate official said, noting it is a trend that is being seen and felt around the country.

  • Newport police investigates vehicle vandalism

    Newport police investigates vehicle vandalism

    Thursday, December 14 2017 11:02 PM EST2017-12-15 04:02:25 GMT
    Friday, December 15 2017 9:10 AM EST2017-12-15 14:10:29 GMT
    Newport police Lt. Allen Edwards spoke Thursday about vandalism of vehicles along Malcolm Avenue in Newport. (Source: KAIT)Newport police Lt. Allen Edwards spoke Thursday about vandalism of vehicles along Malcolm Avenue in Newport. (Source: KAIT)

    Vehicles driving along Malcolm Avenue in Newport are in the line of fire as juveniles have been suspected of throwing rocks and causing damage. That is according to Newport police.

    Vehicles driving along Malcolm Avenue in Newport are in the line of fire as juveniles have been suspected of throwing rocks and causing damage. That is according to Newport police.

  • Sister Rosetta Tharpe nominated for Rock and Roll Hall of Fame

    Sister Rosetta Tharpe nominated for Rock and Roll Hall of Fame

    Thursday, December 14 2017 10:45 PM EST2017-12-15 03:45:44 GMT
    Friday, December 15 2017 9:09 AM EST2017-12-15 14:09:54 GMT
    Sister Rosetta Tharpe (Source: Rock and Roll Hall of Fame Website)Sister Rosetta Tharpe (Source: Rock and Roll Hall of Fame Website)

    A guitarist and singer from Cotton Plant, who served as a role model for several area musicians who later became famous, was recently nominated for the Rock and Roll Hall of Fame. 

    A guitarist and singer from Cotton Plant, who served as a role model for several area musicians who later became famous, was recently nominated for the Rock and Roll Hall of Fame. 

Powered by Frankly