Driven by skyrocketing crude prices, rising concerns over environmental pollution, and the consequent switch towards alternate fuels, the world ethanol market is projected to reach 27.7 billion gallons by the year 2012. Stringent legislation of emission standards, and governmental intervention by way of subsidies, and tax incentives are expected to foster market growth in the medium to long run. Both developed and developing markets are expected to lend traction to the market’s growth in the future. China and India, within Asia-Pacific, represent lucrative markets to mine. (PRWeb Nov 10, 2008)
More at http://www.prweb.com/releases/ethanol/fuel/prweb1584644.htm
Tennessee and DuPont Co. broke ground Tuesday on a research refinery designed to turn corn cobs and switchgrass into ethanol and potentially elevate the state into a major player in biofuels.