Thursday, August 16, 2012

Drought affects Ethanol production

Some ethanol plants in the U.S. have stopped production because of the drought.
Technology and Business Development Director for the Illinois Corn Growers Association, Dave Loos, said the reaction is about more than just a lack of corn for production. He said it’s market conditions such as corn prices, natural gas prices and the price of ethanol on the market compared with gasoline. Loos said it is possible that some plants could shut down.

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