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Ethanol And Beyond
By Mr Ethanol | March 25, 2008
Wall Street Journal:
What’s the future for biofuels? Advocates say biofuels - including ethanol - can play a major role in meeting the world’s growing energy needs. Two companies actively involved in producing biofuels are Archer-Daniels-Midland Co. and BP Alternative Energy North America, a unit of British petroleum giant BP PLC.
Patricia Woertz, ADM’s CEO and president, and Robert Lukefahr, president of BP Alternative Energy, talked to The Wall Street Journal’s Alan Murray about biofuels and other matters. Here are edited excerpts from that discussion.
Yes to Ethanol
ALAN MURRAY: Patricia, some people blame ethanol for the sharp rise in food prices and claim that that creates a devil’s trade, food versus energy. And others are arguing it isn’t really doing that much to help global warming anyway. So is ethanol an important part of the answer or isn’t it?
PATRICIA WOERTZ: Well, I think the answer is yes, it’s an important part, and I support what [General Electric Co. CEO] Jeff [Immelt] said about diversity of energy supplies. And certainly biofuels - ethanol being one, biodiesel, others that we’re working on - are a part of the solution and one that’s here and now today.
MR. MURRAY: Of the research that you have going at ADM right now, what looks the most promising in terms of biofuels?
Topics: Biofuel, Ethanol, Industry, News |
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