Industry Overview
As the global economy continues to expand at a rapid pace, curtailing growth in oil consumption and carbon emissions has become an issue of the highest importance, from economic, political and environmental perspectives. The emergence of the ethanol industry is one key component of a solution to this problem.
Ethanol serves as a clean-burning, high-octane fuel that is produced from renewable sources. In the United States, ethanol is produced primarily from corn and is used as a vehicle fuel and as a gasoline fuel additive to increase gasoline’s octane rating and comply with air emissions regulations.
In the Energy Policy Act of 2007, the United States Congress mandated that in 2008 ethanol comprise a minimum of 9.0 billion gallons of the nation’s fuel supply, which represents approximately 6% of total annual fuel usage. This is to grow to 15 billion gallons by 2012 toward a goal of 36 billion gallons by 2022.
LATEST NEWS
BioFuel Announces Amendment to Credit Agreement
August 29, 2008
BioFuel Reports Second Quarter Results (PDF)
August 13, 2008
BioFuel Reports Hedging Losses (PDF)
August 12, 2008