A proposed increase in ethanol use in gasoline would require planting as much as 111 million acres of corn and using almost half of the crop for the fuel by 2015, according to a study by the U.S. grocery industry. Boosting the amount of biofuels allowed to be blended in gasoline could make last year’s [...]
2009Tue09Jun
Ethanol Blend Hike May Require Half of U.S. Corn Crop
Filed in Ethanol News, Food vs Fuel
A rush to cash in on ethanol has slowed as soaring corn prices squeeze profit margins for producers of the alternative fuel. At a recent high of $7 per bushel, the corn used to make ethanol has tripled in price since many plants were built two years ago, and some facilities have been shut down [...]
