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Bright Future For JB Ethanol, Says Levy
By Mr Ethanol | October 17, 2007
Jamaica Observer:
Jamaica Broilers Chairman Robert Levy has shaken off the hiccups of prevailing depressed ethanol prices in the US and questionable trading in shares, painting a rosy picture for the future of his JB Ethanol venture.
Ethanol prices are falling as manufacturers in the US Midwest corn belt were forced to drop their prices in order to cost-effectively move the product by rail or truck to the east coast, explained Levy.
“The logistics to bring it from the Midwest to the east coast has depressed prices. Ethanol cannot be moved by pipes, they dropped the price to be able to move it more effectively,” he said.
But an optimistic Levy asserted that as soon as the logistics were sorted out ethanol prices will again begin to rise.
But foremost in Levy’s favourable assessment of the venture is the apparently higher cost to produce ethanol from corn in the US against using sugar cane as the feedstock and JB Ethanol’s advantage in moving the product. Continue reading.
Topics: BizOp, Ethanol Prices, Positives |
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