Alto Ingredients (ALTO) said Friday it will temporarily idle its Magic Valley, Idaho facility on Dec. 31 amid expectations for "very low to negative crush margins" in Q1.
The producer of specialty alcohols said it will continue to offer terminal services at the plant. It also said it plans to resume full operations when economic conditions improve "on a more sustainable basis."
Alto said it expects its decision to idle the facility to "have a positive impact" on its financial results.
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