BioFuel Energy starts producing ethanol at 2 sites

The facilities in Wood River, Neb., and Fairmont, Minn., will have the combined capacity to produce 230 million gallons of fuel and 720,000 tons of dried distillers grains, a byproduct often sold as animal feed, per year.

The plants are located next to decades-old Cargill grain elevators and Union Pacific main rail lines. BioFuel has a contract with Cargill to provide corn for the plants and distribute its products.

BioFuel shares rose 13 cents, or 4.9 percent, to $2.75 in after-hours trading. The stock fell 31 cents, or 10.6 percent, to $2.62 during the regular session.