Ethanol boom bites as cars compete for food
By Isabelle Tourne
New York - A boom in the use of ethanol as a petrol replacement in the US has led to a surge in corn prices and changed the landscape for farmers now producing for both the food and energy markets.
Corn is the main crop used for ethanol, an additive in most US petrol, and in the "E85" fuels that some vehicles use, which have 85 percent ethanol and 15 percent petrol.
The Renewable Fuel Association has forecast that total corn used for ethanol production will increase from 1.6- billion bushels in 2005 to nearly three-billion bushels by 2015 story continued
New York - A boom in the use of ethanol as a petrol replacement in the US has led to a surge in corn prices and changed the landscape for farmers now producing for both the food and energy markets.
Corn is the main crop used for ethanol, an additive in most US petrol, and in the "E85" fuels that some vehicles use, which have 85 percent ethanol and 15 percent petrol.
The Renewable Fuel Association has forecast that total corn used for ethanol production will increase from 1.6- billion bushels in 2005 to nearly three-billion bushels by 2015 story continued
posted by anthony m, at Monday, November 13, 2006
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