Word: ethanol
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...agricultural town of 3,400, where Colorado's greenest acres gently slope into Kansas and Nebraska, is placing itself smack in the middle of the global energy game. Farmers are plowing their fields, planting corn and feeding cattle while work continues on the first of two multimillion-dollar corn-ethanol plants that could transform Yuma into one of the more vibrant alternative-fuel production centers in the Western U.S. The timing couldn't be better, with gasoline prices well over $3 per gal. as the summer driving season begins. But the choice of corn-based ethanol is one that might...
...ethanol-distilling plant owned by the locally backed Yuma Ethanol, whose investors include farmers, ranchers and other businesspeople from the area, is scheduled to open in July. Another plant is scheduled to break ground later this year, according to Dallas-based Panda Energy International. Together, these operations, which represent $250 million in capital investment, plan to chew up at least 55 million bu. of corn each year and pump out 200 million gal. of what President George W. Bush, Corn Belt politicians, A-list investors and farmers hope will cut the U.S.'s reliance on foreign oil, clean...
Little wonder, then, that Yuma is a tad giddy these days. "Bill Gates isn't coming out here to open a Microsoft plant, so we have to use what we have," says Doug Sanderson, Yuma's city manager. "The ethanol operations are a good synergy with our corn, water, waste treatment, hardworking people, our transportation. It's a good...
...Ethanol, which is little more than alcohol distilled from fermented corn mash, had been a curiosity for the past century before hitting the Green Revolution's radar a few years ago, when it was added to the U.S. gasoline supply with the goal of reducing vehicle emissions. In January, when oil was passing the $55-per-bbl. mark, the President called for the production of 35 billion gal. of renewable fuels annually by 2017, which would reduce U.S. gas consumption 20%. The Energy Act of 2005 mandated a market for ethanol by asking refiners to churn out 7.5 billion...
Percentage of the U.S. corn crop used for ethanol production in 2006. Corn, a key crop for food aid, will increasingly be used to make ethanol, thus further reducing the amount of food shipped...