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Ethanol Slowdown Is Only Temporary, Experts Say
By Mr Ethanol | November 30, 2007
The Republican Eagle:
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.”
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.
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