Profitability of Ethanol Production in the US – A Producer’s Perspective
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Today, increasing world oil prices and the dependence of most countries on imported fuel poses a serious political and economic threat. In this backdrop, more and more countries are trying to reduce their dependence on foreign oil. Since, Bio-fuels are being considered as potential substitutes of oil to achieve the national security objective, countries are trying to develop and expand the same. Recently many countries have come up with policies to increase the proportion of biofuels in their total oil usage. At least, 17 countries at the national level and 36 states/provinces in the US have mandates for blending biofuels into vehicle fuels. Most mandates require blending 10–15% ethanol with gasoline or blending 2–5% biodiesel with diesel fuel. In addition, most mandates are recent, enacted over the past 2–3 years. In addition to mandated blending, several new biofuels targets and plans are also defining the future levels of biofuels use. Driven by policy support, the global markets for biofuels have currently entered a phase of rapid, transitional growth leading to both uncertainty as well as opportunity. Production of biofuels (ethanol and biodiesel) exceeded 67 billion liters in 2007.
Scope
• GlobalData viewpoints cover the latest events or important trends in the alternative energy industry and provide our in-depth analysis of issues and challenges. Viewpoints offer expert opinions and GlobalData’s views of various developments that have been taking place in the alternative energy industry across the world.
Reasons to buy
• Develop business strategies with the help of specific insights from GlobalData on the key events happening in the alternative energy industry.
• Gain a strong understanding of the energy market and analyze the major trends in the global alternative energy industry today
• Identify opportunities and challenges with the help of our analysis of the latest news and deals in the alternative energy industry
• Increase future revenue and profitability with the help of information on latest operational, financial, and regulatory events
Site License Price: €740
Enterprisewide Price (Global Site License) €1110
Today, increasing world oil prices and the dependence of most countries on imported fuel poses a serious political and economic threat. In this backdrop, more and more countries are trying to reduce their dependence on foreign oil. Since, Bio-fuels are being considered as potential substitutes of oil to achieve the national security objective, countries are trying to develop and expand the same. Recently many countries have come up with policies to increase the proportion of biofuels in their total oil usage. At least, 17 countries at the national level and 36 states/provinces in the US have mandates for blending biofuels into vehicle fuels. Most mandates require blending 10–15% ethanol with gasoline or blending 2–5% biodiesel with diesel fuel. In addition, most mandates are recent, enacted over the past 2–3 years. In addition to mandated blending, several new biofuels targets and plans are also defining the future levels of biofuels use. Driven by policy support, the global markets for biofuels have currently entered a phase of rapid, transitional growth leading to both uncertainty as well as opportunity. Production of biofuels (ethanol and biodiesel) exceeded 67 billion liters in 2007.
Scope
• GlobalData viewpoints cover the latest events or important trends in the alternative energy industry and provide our in-depth analysis of issues and challenges. Viewpoints offer expert opinions and GlobalData’s views of various developments that have been taking place in the alternative energy industry across the world.
Reasons to buy
• Develop business strategies with the help of specific insights from GlobalData on the key events happening in the alternative energy industry.
• Gain a strong understanding of the energy market and analyze the major trends in the global alternative energy industry today
• Identify opportunities and challenges with the help of our analysis of the latest news and deals in the alternative energy industry
• Increase future revenue and profitability with the help of information on latest operational, financial, and regulatory events
Contents
1 TABLE OF CONTENTS 2
1.1 LIST OF TABLES
1.2 LIST OF FIGURES
2 GLOBALDATA VIEWPOINT
2.1 Summary
3 PROFITABILITY OF ETHANOL PRODUCTION IN THE US – A PRODUCER’S PERSPECTIVE
3.1 Introduction
3.2 The US Ethanol Market
3.3 Ethanol Production Profitability
3.4 Conclusion
3.5 Notes
4 RECENT DEVELOPMENTS
4.1 Jun 27, 2008: VeraSun To Launch Ethanol Blend
4.2 Jun 27, 2008: Mascoma Announces Strategic Relationships To Build Cellulosic Ethanol Plant in Michigan
4.3 June 25, 2008: VeraSun Delays Startup Of Hankinson, North Dakota, Biorefinery
4.4 June 23, 2008: Novozymes To Build New Facility In Nebraska To Meet Future Demands For Enzymes In The Bioethanol Industry
4.5 June 20, 2008: US, Brazil, EU To Create Global Standards For Ethanol
4.6 May 27, 2008: Iowa State Researchers Use Fungus To Improve Corn-To-Ethanol Process
4.7 May 18, 2008: Ethanol Rises With Crude Oil, Gasoline Futures Advancing To Records
4.8 May 16, 2008: US Ethanol Margins Increase As Corn Prices Fall
4.9 March 24, 2008: Ethanol Output In US To Impact Gasoline Profits
4.10 March 18, 2008: Gulf Ethanol To Produce Fuel From Cellulose Feedstocks
4.11 February 26, 2008: DOE To Invest Up To $33.8 Million To Develop Renewable Fuels
4.12 February 15, 2008: EPA Announces 2008 Renewable Fuels Mandate
4.13 February 12, 2008: Diversified Ethanol Launches Product To Convert Waste Products Into Ethanol
5 APPENDIX
5.1 Methodology
5.2 Definitions
5.3 Contact Us
5.4 About GlobalData
5.5 Disclaimer
1.1 LIST OF TABLES
Table 1: Relationship Between Crude Oil, Gasoline, Ethanol and Maximum Corn Price
1.2 LIST OF FIGURES
Figure 1: GlobalData Methodology
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