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Photo by MikeGroft. Licensed under Creative Commons license 2.0.

Let's hold up with that statement for now, because there is a little asterisk in the press release (read it yourself after the break) that anything beyond the 1.6 billion gallon number is "Assuming construction resumes in 2008, which will depend on market conditions." As we all know, the ethanol market is not exactly in the strongest shape it's ever been in these days. With the low prices and product glut and lots of criticism of corn ethanol, I'm sure at least some at the two merging companies