GIC Group: With Cap and Trade, Biofuels Would Offer Cost-Competetive Business Model to Petroleum Fuels

Grainnet.com
Date Posted: April 23, 2009

At the Advanced Biofuels Development Summit, Rick Gilmore, President of GIC Group indicated that with the prospect of cap and trade, biofuels offer a cost-competitive business model to petroleum based fuels.

He also pointed out that the conventional wisdom on ethanol prices is that margins are lock-step in line with oil prices.

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