Ethanol Plant Planned for NW Ohio on Hold

Jan 24, 2007

Development officials in northwest Ohio say plans for a new ethanol plant in Defiance County are on hold.

Jerry Hayes is executive director of Economic Development of Defiance County. He says the company proposing the plant is worried that rising corn prices and stabilizing gas costs could cut into profits.

He also says the high price of steel would add to the cost of building the ethanol plant.

Defiance County officials say they'll continue trying to attract an ethanol plant to the area.

Ohio has at least six ethanol plants that are in the works. (Copyright 2007 by The Associated Press. All Rights Reserved.)