Thursday, February 12, 2009

There’s a bright future for cellulosic ethanol investment

These are tough times for everybody, including the biofuels industry. The Associated Press has an interesting article about how corn-based ethanol producers are literally struggling to stay afloat. The article notes how shares of leading ethanol producers in the country, such as Aventine Renewable Energy Holdings Inc., Pacific Ethanol Inc. and BioFuel Energy Corp, lost about 95 per cent of their value in 2008. Volatility in prices of corn, the article observes, is mainly to blame.
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