Could Corn Ethanol Finally Fade Away?
Legislation introduced last year indicates the mood - the Corn Ethanol Mandate Elimination Act.
Legislation introduced last year indicates the mood - the Corn Ethanol Mandate Elimination Act.
Pressure for viable alternatives to corn has been mounting throughout the prolonged US drought.
Close to 40% of the US corn crop is earmarked for ethanol, exacerbating concern over food prices.
Three US Senators reached a deal last weak to repeal $6 billion a year in subsidies for corn ethanol by the end of the month, and Poet plans 28 cellulosic plants.
The Obama administration's goal to install 10,000 flex-fuel gas pumps nationwide within 5 years, would add more ethanol to the mix.
TMO Renewables has developed a plug in unit to convert byproduct into additional ethanol.
Ethanol industry wants fuel labeling; WSJ says industry is in trouble.
Company said one of its lenders refused to fund construction of nearly completed plant in Texas.