Home / Markets / Markets Analysis / Corn market / Corn cob project questioned

Corn cob project questioned

07/19/2012 @ 11:43am

A major cellulosic ethanol project set to come online next year will further demonstrate the failure of federal mandates on the renewable fuel, agricultural economist Tom Elam says. Elam, making a presentation on behalf of livestock and poultry groups, says the federal cellulosic mandate has "utterly and totally failed," and that POET LLC's Project Liberty, which will make ethanol from corn cobs, won't succeed, either. At a cost of $250M to build the plant and an expected output of 25M gallons per year, "there's no way that plant is ever going to pay for itself," he says. POET is among the world's largest conventional ethanol producers. (ian.berry@dowjones.com)

(END) Dow Jones Newswires

July 19, 2012 12:21 ET (16:21 GMT)

DJ MARKET TALK: Ethanol Producers Corn Cob Project Met With Skepticism->copyright

CancelPost Comment
MORE FROM DOW JONES NEWSWIRES more +

USDA: Reporting Hog Deaths Required By: 04/18/2014 @ 10:45am The U.S. Department of Agriculture said Friday it will require the pork industry to report…

Wheat Futures Rise as Cold, Drought Threaten… By: 04/17/2014 @ 3:51pm Wheat futures rose for the third time in four sessions on speculation that cold weather earlier…

Ukraine Upheaval Sparks Business Concerns By: 04/17/2014 @ 1:22pm Escalating military action and sanctions are forcing executives around the globe to map out…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Big Picture: CME Trading Weather