“This is the biggest public company to file for bankruptcy within the ethanol industry and we are going to see this on a much larger scale from some of the smaller producers,” says Cory Garcia, equity research associate at financial advisory company Raymond James. “It is a result of the lack of profitability in this market right now. If ethanol and corn prices stay where they are, then these companies won’t make any money.”

VeraSun, one of the largest ethanol producers in the US, filed voluntary