Friday, October 05, 2007

What's Happened to Ethanol

The ethanol train has slowed down substantially in the last few months as corn prices have risen.

PRINCETON - The rush to embrace ethanol - both as a reliever of the
nation's foreign oil dependence and redeemer of agricultural woes - appears to
have cooled throughout the region.
Casualties of the combined effects of
rising construction and corn costs and lower prices for fuel-grade alcohol
distilled from the grain, several proposed facilities in the area that have yet
to break ground now are further delaying plans.
At the same time, ventures
that secured financing and permits before today's higher operational costs took
effect continue to build, with nearly 370 million gallons of annual capacity
from Fulton County in the south to Henry County in the north expected to be
online next year.

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