A U.S. 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.

A truckload of corn is dumped into a chute at the Lincolnway Energy plant in the town of Nevada, Iowa, December 6, 2007.

ADM and Green Plains both said on Tuesday they are converting fuel-ethanol capacity into beverage and industrial alcohol production, as well as idling some mills. The announcements follow Pacific Ethanol’s (PEIX.O) decision in June to buy a beverage-grade facility in Illinois, a diversification away from fuel ethanol. Tiếp tục đọc “U.S. ethanol makers steer away from fuel, reach for booze” →