This is not the time to be betting on first-generation biofuels. Add up the increasing cost of feedstocks and an overall tough economy and it's no great surprise that "going yellow," as it were, is not the easy path that some made it seem a year or so ago. The reality is hitting home. According to Reuters, about a dozen biofuel plants across the U.S. have filed for bankruptcy protection thanks to corn shooting up to $8 a bushel and ethanol's "miserable profit margins." The affected plants are mo
- Sam Abuelsamid
- Nov 12, 2007
In recent years America's beleaguered farmers have seen some welcome relief in the form of growing demand for corn to produce ethanol. As new ethanol production plants have popped up they have created new jobs, but it hasn't all been rosy. Everyone wants more ethanol plants, just Not In My Back Yard (NIMBY). People have begun to push back against plans to build new plants in their communities (actually, ethanol NIMBYism is nothing new).
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