Profile: Farmers Ethanol: Focusing on Sustainable Corn Ethanol Production and a Triple Bottom Line
Green Car Congress
MAY 27, 2009
Second, a Congressional Budget Office study issued in April said even with subsidies ethanol is only profitable when a gallon of gasoline costs 70% or more than a bushel of corn, i.e, It is believed Valero purchased the plants at 30% of their original construction cost. (In gasoline would need to be greater than $2.80/gallon
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