Rapid Growth in Industry
| "Rapid growth of the ethanol industry has been encouraged by low corn prices, as well as environmental regulations and state and federal policies. The energy bill, not yet passed as this article is being written, will likely reinforce the rapid upward trend in ethanol production. The trend is expected to propel production to at least 4.8 billion gallons of fuel ethanol by 2008. By that time, combined domestic processing of corn for ethanol and other uses will likely exceed 3.3 billion bushels annually. Plants currently in the planning stage could even push processor demand 200 to 400 million bushels above this level."
Source:http://www.extension.iastate.edu/agdm/articles/wisner/WisAug04.htm - (edit / improve) |
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