Southridge explores alternatives (from The Deal) (subscription required)

Sources said ethanol prices have been on the wane recently. "There's a glut of capacity, the prices have come down significantly. A lot of the spending into ethanol has been drying up," said Michael Parham, managing director at McGladrey Capital Markets LLC in Costa Mesa, Calif.

Parham said that while a renewable energy-focused policy is a sure bet in the U.S., demand has slowed for nowe_SEmDeven with production tax credit legislation for ethanol companies now before Congress.