Ethanol is Bracing for Challenges in 2009

Farm Futures
(1/14/2009)
Jason Vance

Renewable Fuels Association provides outlook for ethanol.

The year 2008 was a difficult year for American businesses and the ethanol industry was no exception. With unprecedented economic collapses, the freezing of the credit market, wild swings in commodity markets and a great deal of manufactured hysteria over the food versus fuel debate, all of which created challenging conditions for America's farmers and ethanol producers.

"But 2008 is now behind us and the American ethanol industry is completely focused on the future and we are dedicated to not only the success of current ethanol producers but also to the development and the deployment of next generation technologies that will expand the basket of feedstocks from which ethanol is produced," said Renewable Fuels Association Chairman Chris Stanlee during a press teleconference on Tuesday. "This will also create hundreds of thousands of green jobs in all sectors of the economy, it will provide even greater reductions in greenhouse gas emissions and further lessen our dependence on foreign oil."

Read the full story