In every silver cloud there is a grey lining.
>>New prospect for US: glut of ethanol plants
>>A study released Thursday reports that at least 14 new biorefineries - representing nearly 1 billion gallons of extra fuel - are not on that tally. That oversight could mean problems ahead for the food supply and the "green fuel" industry, some analysts say
>>• Ethanol production could pull so much corn out of the food supply by 2008 that US corn exports could plummet.
• The food-fuel competition could push corn prices so high that some ethanol producers in the fledgling industry, which many deem vital to US energy security, would merely break even - or, if corn gets pricey enough, actually lose money.
Even before Thursday's report, some analysts had warned of a future glut of ethanol production capacity.
The immediate concern of the Earth Policy Institute (EPI), which released the new report, is the impact on the global food supply.
"We're worried there will be less to feed the world if we're using too much corn to make fuel," says Lester Brown, EPI's president. "The US ... supplies 70 percent of the world's corn exports. These previously unidentified distilleries could have a big negative impact."
http://www.csmonitor.com/2007/0105/p01s04-wmgn.html
>>New prospect for US: glut of ethanol plants
>>A study released Thursday reports that at least 14 new biorefineries - representing nearly 1 billion gallons of extra fuel - are not on that tally. That oversight could mean problems ahead for the food supply and the "green fuel" industry, some analysts say
>>• Ethanol production could pull so much corn out of the food supply by 2008 that US corn exports could plummet.
• The food-fuel competition could push corn prices so high that some ethanol producers in the fledgling industry, which many deem vital to US energy security, would merely break even - or, if corn gets pricey enough, actually lose money.
Even before Thursday's report, some analysts had warned of a future glut of ethanol production capacity.
The immediate concern of the Earth Policy Institute (EPI), which released the new report, is the impact on the global food supply.
"We're worried there will be less to feed the world if we're using too much corn to make fuel," says Lester Brown, EPI's president. "The US ... supplies 70 percent of the world's corn exports. These previously unidentified distilleries could have a big negative impact."
http://www.csmonitor.com/2007/0105/p01s04-wmgn.html