Owing to a more than 5% rise in corn prices, China has put on hold all applications for future Ethanol Distilleries. China currently has 4 approved Ethanol Projects that produces 1.02 million tons of Ethanol. Ethanol from these Distilleries feed the 20% mixture requirement of China.
The reasons given for the upsurge in prices are:
Expanding industrial demand, along with increasing need for corn by livestock and the reluctance of corn growers to sell in expectation for higher prices
It’s obvious what the problem was, the market was there but the inputs weren’t. Yikes, this proves again the problem of using a feedstock that is being used for consumption.
Original Article here
Category: Bioethanol
December 23rd, 2006 at 3:37 pm
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