Flint Hills Resources has announced its decision to halt production at its Duonix biodiesel plant in Beatrice, Nebraska, US, as first reported by the Beatrice Daily Sun.
The decision to idle the 50 million gallon per year biodiesel plant was made due to tough economics driven by low soybean prices.
“Corn oil was less expensive,” Michael Wilhelmi, manager of communications and community relations in biofuels and ingredients at Flint Hills, told the Beatrice Daily Sun. “We don’t think conditions are going to change anytime soon.”
The Duonix biodiesel plant began operations in 2016 and is a joint venture between Flint Hills Resources and Benefuel.
The closure is expected to impact around 40 plant employees, who will be offered severance packages, as reported by the Beatrice Daily Sun.