Ethanol Plant in Lima

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AARR
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Ethanol Plant in Lima

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Drove by the ethanol plant in Lima yesterday and it looks shut down. Half a dozen tank cars on the spur lead but no covered hoppers (usually 10-12 on the distillers grain spur) and no employee vehicles in the lot (that I could see anyway) and no appearance of plant activity. I think this is a IORY customer.
PatC created a monster, 'cause nobody wants to see Don Simon no more they want AARR I'm chopped liver, well if you want AARR this is what I'll give ya, bad humor mixed with irrelevant info that'll make you roll your eyes quicker than a ~Z~ banhammer...
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Y@
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Re: Ethanol Plant in Lima

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It went bankrupt awhile back, and I'm almost positive that they are completely shut down now.
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redside20
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Re: Ethanol Plant in Lima

Unread post by redside20 »

the government is looking and taking bids for a new buyer for the plant as we speak
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PAT.C
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Re: Ethanol Plant in Lima

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DON BEAT ME TO THIS POSTING. I DROVE BY THERE ABOUT 4PM YESTERDAY ALSO.
A SAD SITE TO SEE AND JUST NORTH OF THERE ON THE EAST SIDE OF 75 IS A CLOSED FORD DEALERSHIP .
APPARENTLY THEIR STIMULUS CHECKS WERE LOST IN THE MAIL. :cry: :cry: :cry:
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MSchwiebert
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Re: Ethanol Plant in Lima

Unread post by MSchwiebert »

With Vera-Sun declaring bankruptcy at nearly the same time, I'm guessing that those folks that wanted to buy ethanol plants at "distressed prices" saw better places to spend their money than the plant in Lima. As for Ford, the engine plant in Lima is still running and seems to be looked upon favorably corporately. As an aside, In my opinion, Ford is going to come out in the best shape of the "Detroit 3" by NOT taking the feds money - and all the restrictions that come with it (like the old saying "when you get in bed with a dog...you're bound to get fleas...).
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CSX_CO
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Re: Ethanol Plant in Lima

Unread post by CSX_CO »

MSchwiebert wrote:(like the old saying "when you get in bed with a dog...you're bound to get fleas...).
Never got fleas myself, just smelly dog farts. Either isn't good...

Oh, and the other thing about a dog is they will find the exact center of the bed, and force you to the side. Sounds like what has happened to the management of GM. Not saying it wasn't necessary, but once you let them into bed, you aren't in control anymore.

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Raildudes dad
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Re: Ethanol Plant in Lima

Unread post by Raildudes dad »

MSchwiebert wrote: As an aside, In my opinion, Ford is going to come out in the best shape of the "Detroit 3" by NOT taking the feds money - and all the restrictions that come with it (like the old saying "when you get in bed with a dog...you're bound to get fleas...).
Ford lucked out by being in worse shape than GM over a year ago and refinancing a ton of debt and borrowing bunches (as in billions) more BEFORE credit evaporated. Hope fully reintroducing the ban on short selling and eliminating the "mark to market" rule will reintroduce credit in this country.
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