Ethanol Production Soared, But U.S. Federal Subsidy Expires

High gasoline prices, effective lobbying by agricultural and industrial interests, and a growing interest in cutting reliance on imported oil put a high national focus on bioethanol in America in recent years. Corn and other organic materials, including agricultural waste, can be converted into ethanol through the use of engineered bacteria and superenzymes manufactured by biotechnology firms. This trend gave a boost to the biotech, agriculture and alternative energy sectors. At present, corn is almost the exclusive source for bioethanol in America. This is a shift of a crop from use in the food chain to use in the energy chain that is unprecedented in all of agricultural history—a shift that had profound effects on prices of corn for consumers, livestock growers (where corn has long been a traditional animal feed) and food processors.

Ethanol is an alcohol produced by a distilling process similar to that used to produce liquors. A small amount of ethanol is added to much of the gasoline sold in America, and most U.S. autos are capable of burning “E10,” a gasoline blend that contains 10% ethanol. E85 is an 85% ethanol blend that may grow in popularity due to a shift in automotive manufacturing.

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Ethanol Production Soared, But U.S. Federal Subsidy Expires, Business and Industry Trends Analysis

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