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Nebraska biodiesel plant shutting down

A Nebraska biodiesel plant is shutting down production because of low soybean oil prices.

The Flint Hills Resources Duonix plant in Beatrice processes corn oil and greases into high-quality biodiesel. But owners say the low prices of soybean oil – used in most other biodiesel plants – puts the Duonix plant at a huge competitive disadvantage.

The owners also cite government intervention in the marketplace, including the federal blenders tax credit, for continuing to “distort the market and create uncertainty for the business.”

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