Agrimoney reports that the UK’s Ensus wheat ethanol plant, the largest such in Europe, will temporarily shut down in what it believes to be a response to high wheat prices. Wheat prices hit a record £222 (US$360) per tonne on the London futures market last month Ensus has not confirmed or denied the report.
A shutdown could enable the site to tap into newly harvested supplies being offered for lower prices. London’s new-crop November lot was trading $173.50 a tonne in late deals in London, a discount of nearly 15% to the expiring May contract.
Closure would represent a further hiccup for a UK wheat ethanol industry which has already been dented by building delays, at both the Ensus site, whose construction was held up by industrial action, and the Vivergo plant being developed by Associated British Foods, BP and DuPont...Ensus has also been ordered by UK environmental watchdogs to install equipment to tackle odours which have prompted complaints from neighbours to the site.
(A hat-tip to John!)