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

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…

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