Expert: Ethanol industry will grow
Jerry Perkins, Des Moines Register, February 21, 2007
... Keith Collins, the U.S. Department of Agriculture's chief economist, has estimated that the ethanol-fueled increase in corn prices lowered federal payments to farmers by $6 billion last year. Dinneen said $2.7 billion from the ethanol industry in new federal tax revenues meant that taxpayers gained a return on their investment in government subsidies paid to ethanol producers.
... Biobutanol ... could be marketed in the United States as early as 2010, said Dennis Magyar, industry manager for North America for DuPont Biofuels. ...
Magyar said the partners are looking for a U.S. site to build a biobutanol plant. He said biobutanol will complement - not compete with - ethanol.
Iowa is a contender for the plant, he said. That's because existing ethanol plants can be retrofitted to make biobutanol. ...
As I understand it, ethanol in gasoline is not subject to the federal fuel tax. If this loss of tax revenue is also taken into account, I wonder if there is not then a net loss?
Posted by: donb | February 23, 2007 at 10:09 AM
thanks
Posted by: Sohbet mIRC | December 05, 2008 at 06:27 AM