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Enough Infrastructure For Ethanol?
By Mr Ethanol | January 29, 2008
Wisconsin Agriculturist:
According to a Purdue University expert, the U.S. doesn’t have the ability to handle the amount of ethanol that is likely to be produced by the end of 2008.
“Ethanol production capacity has grown tremendously fast, and it’s going to almost double from its high level today to the end of 2008,” said Wally Tyner, Purdue Extension agricultural economist. “It has grown so fast that the capacity to produce is bigger than the capacity to market.”
Tyner says a combination of lower ethanol prices, reduced production and possibly exporting some ethanol is likely to occur.
“There will be a lot of pressure on ethanol prices in 2008,” Tyner says. “And with high corn prices that means there will be a lot of pressure on profitability of ethanol during the next year.”
Topics: Agriculture, Ethanol, News |
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