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We’ve Hitched Our Wagon To The Ethanol Industry
By Mr Ethanol | November 16, 2007
McCook Daily Gazette:
Not all that long ago, the closest ethanol plant was a second-hand unit 90 miles away, sitting nearly abandoned because of lawsuits and mismanagement.
Today, one large plant is pumping out thousands of gallons of fuel each week near Trenton, another is near completion in Cambridge, and many others are scattered on the horizon.
Only a few years ago, ethanol seemed like a pipe dream, a desperate measure to help boost corn prices that had been stagnant for decades.
No more.
Thanks to government incentives on both the production and consumption side, Nebraska is producing about 1.4 billion gallons of ethanol a year, and, with the opening of three new plants this year, more than 500 million bushels of corn grown in the state are turned into ethanol.
How much is that? Well, according to the Nebraska corn board, the state produced 1.178 billion bushels of corn in 2006.
The Cornhusker State has embraced ethanol in a big way.
That makes Sen. Ben Nelson’s effort to pass a renewable fuels standard that much more important.
Nelson is co-sponsoring an amendment to the Farm Bill by Sen. John Thune, R-S.D., which would expand the market for America’s ethanol producers to 36 billion gallons by 2022, up from the current standard of 7.5 billion by 2012.
Also significant is the requirement that 21 billion of the 36 billion gallons would come from advanced biofuels such as cellulosic ethanol. Continue reading…
Topics: Ethanol, Industry, News |
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