Attorney Sanders says falling oil prices kill another corn-based ethanol plant in Western Kentucky.

A planned corn-based ethanol plant in Henderson has been cancelled, according to the Henderson Gleaner. The plant, owned by Kentucky Five Star Energy, was seeking $85 million in funding. According to the newspaper story, Five Star Energy had purchased a site, but was unable to come to agreement on steam purchases from a nearby power plant owned by Big Rivers Utilities. That excuse is nonsense. Falling oil prices are the major factor stopping the ethanol plant.