Although the past few decades have been a roller coaster for ethanol, Vender Griend is seeing more market stability and continued growth. Emissions have been reduced by a factor of 5 over the past 2-3 years, and President Bush’s target of cutting gasoline consumption by 20 percent will continue to drive ethanol production (although many have criticized the plan as unrealistic, including the U.S. General Accounting Office).
Opportunities for ethanol include plant siting. The raw materials for ethanol (mostly corn) are primarily in rural areas of the
Because the ag economy is going well, Vender Griend is optimistic about the
Corn prices are going up, but Vender Griend doesn’t think that should make people wary of more ethanol. If the cost of corn doubled, the price of a box of cereal would go up just 5 cents. Are you willing to pay a nickel more for biofuels and sustainable agriculture?
I was surprised by the short amount of time Vender Griend spent on the diversification of biofuels. He mentioned that cellulosic ethanol seems to hold the most promise for the future of biofuels and is probably the next biggest fuel market for the
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