US ethanol makers steer away from fuel

CHICAGO – A US glut of fuel-grade ethanol has major producers, including Green Plains Inc (GPRE.O) and industry pioneer Archer Daniels Midland Co (ADM.N), pursuing other markets and idling excess capacity in an effort to rebuild sagging margins. ADM and Green Plains both said on Tuesday they are converting fuel-ethanol capacity into beverage and industrial […]

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