8:41 p.m. Saturday, March 29, 2008
A Northeast Kansas Ethanol company is going bankrupt.
Ethanex Energy filed for Chapter 7 bankruptcy this week.
At one point, Ethanex planned to build three ethanol plants.
Now the company has shut down and canceled an agreement to buy a facility in Nebraska.
The ethanol industry is suffering from surging prices for corn and lower ethanol prices resulting from oversupply.
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