posted
It costs ~$2.75 to produce 1 gal. of ethanol. Fairly competative with current gas prices. That said, I don't see ethanol stocks going thru the roof unless sweet crude hits $90/$100 or > .
Posts: 669 | From: Gouldsboro, Pa. | Registered: May 2006
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posted
It's not simply about CTP, it's also about emmisions, efficiency, and the ability to produce from bio-materials, particularly biowaste. As new technologies emerge so will the appeal of this fuel source. Trucking fleets and city transportation departments are already converting to bio-deisels, ethanol, deisenol and E85 fuels. Many major cities outside of the US have been using these fuels for years. IMHO ethanol is a fact of life not a flash in the pan.
Posts: 8 | From: L. A., CA | Registered: May 2006
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From the Greenpeace standpoint, I agree. Nevertheless, profitability is still a key stat and it won't drive up the pps until it is.
Posts: 669 | From: Gouldsboro, Pa. | Registered: May 2006
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Wal-Mart Weighs Selling Ethanol-Based Fuel Wednesday May 31, 9:22 pm ET By Marcus Kabel, AP Business Writer Wal-Mart Stores May Offer Ethanol Made From Corn at Its 383 U.S. Gas Stations
Wal-Mart Stores Inc. may offer ethanol made from corn at its 383 U.S. gas stations, a company spokesman said Wednesday. Wal-Mart stressed it is not ready yet to make any announcements, but corn growers said Wal-Mart's entry into a market now mainly made up of scattered independent gas stations would be a significant boost to a budding new fuel industry.
Ethanol made from U.S.-grown corn has become a hot topic this year as Congress, the Bush administration and American drivers look for alternative fuels to reduce dependence on foreign oil, keep fuel prices down and curb emissions blamed for global warming.
The world's largest retailer brought together a group of industry, government and academic experts on alternative fuels in Washington last week to discuss how Wal-Mart could develop a network for supplying gas stations at its stores and Sam's Clubs with E-85 fuel.
E-85 is a blend of 85 percent ethanol and 15 percent gasoline.
"We are considering E-85, absolutely," Wal-Mart spokesman Kevin Gardner said.
"We are looking to continue to work with and identify strategic partners in the business community to further our efforts in the alternative fuels arena. That said, there are a lot of things we are looking at and considering and we just don't have anything to announce right now," Gardner said.
Representatives from the fuel industry, Wal-Mart suppliers and government and nongovernment experts attended the meeting.
The National Corn Growers Association was one of those attending, and its chief executive, Rock Tolman, said a decision by Wal-Mart to offer E-85 would help solve one of the emerging industry's problems: not enough availability for consumers.
More than 5 million vehicles on the road can run on the blend and car manufacturers say they are making more models that can use it. Yet the fuel is sold by just over 600 retailers across the nation, mainly independents rather than chains.
Tolman said the move would also increase competitive pressure on national chains to carry E-85.
"It would be one more significant, very big step in this whole transition toward biofuels," Tolman said.
Wal-Mart owns and operates gas stations at 375 of its nearly 570 Sam's Club locations and another eight on the grounds of Wal-Mart stores. Outside companies operate gas stations at more than 1,000 Wal-Marts nationally, but Wal-Mart cannot dictate whether they offer E-85, Gardner said.
-------------------- Buy Low. Sell High. Posts: 10754 | From: The Land Of The Giants | Registered: Feb 2005
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I lived in southwest Michigan northern Indiana area in the 80's and 90's..all gas stations had 10% ethanol pumps. You had your choice to use that gas. There is a hugh ethanol plant in South Bend, IN, built in the 80's I do believe. Ethanol is not new in the midwest, just ignored...
Posts: 216 | From: Florida | Registered: Feb 2005
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