Free Trial!
Today’s Best Stocks To Trade! Click Here
The US remains the largest ethanol producer in the world, even as spiking commodity and food prices kill profits for domestic biofuel companies. The S&P study zeroed in on a growing "political event risk" for the ethanol industry, if the food-verses-fuel debate sways public opinion and cuts into heavy government support in the form of tariffs and farm subsidies.
The United States leads ethanol production globally with 6.6 billion gallons in 2007, close to the government's 2012 target of 7.5 billion gallons, and ahead head of the Renewable Fuels Standard minimum requirement.
VeraSun said that rising corn prices have recently contributed to putting plans on hold for three new refineries. Chicken-wing restaurants and egg producers have joined other food companies in lobbying for a partial roll-back of the Renewable Fuels Standard, which mandates the use of biofuels.
FinancialWire" is a fully independent, proprietary news wire service of Investrend Information, a division of Investrend Communications, Inc. It is not a press release service and receives no compensation from any company for its news or opinions. All FinancialWire" news is available at http://www.financialwire.net . The FinancialWire" NewsFeed is available in multiple formats at http://www.investrend.com/XmlFeeds?level=268 . Please address any inquiries to feedback@financialwire.net .
Free annual reports for companies mentioned in the news are available at http://investrend.ar.wilink.com/?level=279
http://www.financialwire.net
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
