Biofuels: Boom or Bust?

It all depends on who you ask, it seems. Yesterday’s announcement from the EPA on how greenhouse gas targets will be set for biofuels had some saying it was bad for ethanol, some saying it was good, and still others spliting the difference. The bottom line is that the EPA says that future ethanol producers will need to make some changes to reach the Fed’s target of 20% reduction (compared to gasoline) in greenhouse gas emissions, they currently are at 16%, which seems like a reachable goal. Minnesota’s ethanol industry has the capacity to produce more than a billion gallons of fuel annually, it leads the nation in E85 stations (360+) and on May 1 became the first state to require all diesel fuel contain a five percent blend of biodiesel.

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