Alto Ingredients, Inc. (NASDAQ: ALTO), a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients, has announced that it will cold idle its Magic Valley, Idaho facility on December 31, 2024, yet continue to provide terminal services at the plant.
“With the first quarter 2025 forecasts of very low to negative crush margins in the West, it is fiscally prudent to idle the Magic Valley facility to minimize anticipated financial losses,” said Alto Ingredients President and CEO Bryon McGregor. “Consistent with our commitment to our customers, we will meet our remaining contractual responsibilities and then operate our Magic Valley plant as a terminal. We intend to resume operations at the facility when the economic environment improves on a more sustainable basis. We believe these actions will have a positive impact on our overall financial results.”
