“You're looking at basically doubling the production amounts, but the impact on Archer Daniels Midland depends on whether they increase their production capacity.”
“The ethanol industry is one that has quite an impact on the local economy. One-third of all the gasoline in the country contains ethanol. What's more ethanol is added at local terminals. It does not go through a refinery and it does not depend on a pipeline - therefore it can be sold at a lower cost,”
“If you had to replace the ethanol used today with crude oil, there would be at least a 30 percent increase in the cost of gasoline, ... Because ethanol is sold under long term contracts under a fixed price, the ethanol being put into gasoline today is the same price as it was three months ago.”
“We are proud to welcome Corn, LP as the 21st ethanol plant in Iowa. This plant is a showcase of the continuing innovation and improvement in the ethanol industry.”
