« Ethanol Chic: Biofuel Designer Fireplaces A Hit In Germany | Home | Corn-Based Ethanol Burns US Investors »
Corn Remains Ethanol King
By Mr Ethanol | November 28, 2007
Rosemount Town Pages:
Ethanol fuel production discussions baffled Dale Tolifson during early meetings of Chippewa Valley Ethanol Co. more than a decade ago.
“We could have just as well have been talking in German,” the corn grower recalled. “I didn’t understand what they were talking about.”
But Tolifson and hundreds of other Minnesota corn farmers quickly embraced the budding renewable fuel, believing it could result in a better price for their crops. It did.
Southern and western Minnesota farmers like Tolifson invested in plants that turned corn into ethanol fuel. When the state required ethanol be blended with gasoline, the industry grew rapidly.
A little later, soybean growers found a new use for their crop with production of vegetable oil-based biodiesel fuel.
Record-high corn prices meant “2007 was a good year, I can’t deny that,” said Tolifson, chairman of Chippewa Valley’s board of directors.
Yet also this year, the flourishing corn-based ethanol industry slowed down, the result of a flooded marketplace and growing concerns about the environmental impacts of ethanol production.
Topics: Agriculture, Ethanol, Industry |
Related Posts
- Gasoline: Still The Fuel Of Choice
- Are Microbes The Answer To The Energy Crisis?
- Ethanol Growth Cools, Farmers Wallets Unaffected
- Experts Explore Ethanol Viability
- Has The Fear Factor Made Ethanol Stocks A Bargain? (PEIX, AVR, VSE, GPRE)
- BullMarket.com Offers Investment Opinions on Seed Companies
- For Many, Ethanol Is Losing Steam As Biofuel Of Choice
- Local Investors Prop Up Cooling Ethanol
- The Great Ethanol Debate
- Undoing America’s Ethanol Mistake
New Way Of Making Easy Money Online