Commodity Prices Biography
The country's first barley-to-ethanol plant is up for sale in Hopewell. But another company is hoping to build one in Montana. So why is one company moving forward, while the local company stopped?
Osage Bio Energy in Hopewell spent 3 years and $150 million to build the plant, then suddenly decided to put it up for sale. The reason the company has given is "unfavorable market conditions."
Osage spokesperson Heather Scott says it came down to commodity prices, that barley prices were too high and ethanol prices not high enough, causing investors to fear they wouldn't make a profit.
Commodity Prices
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