interview > lynd > lynd 11
Lynd 11 (1:13)
Topic(s): Biofuels / Future Transport
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Corn prices are up substantially. And there is real
concern about—real concern—about the draw on corn supply of ethanol plants that are already
under construction. For example, my friends in Iowa tell me that if all the
plants that have been proposed were built in Iowa—Iowa, the largest
corn-producing state in the US, which is one of the largest corn-producing
area— in fact, is the largest corn-producing area in the world—the state of Iowa
would be a net importer of corn in order to feed its ethanol plants. People who
are looking at the prices of hog feed get concerned.
I'm not saying these are irreconcilable
issues, but I think— even the corn producers— In fact, I
shouldn't say "even." The corn producers, whose business it
has been to build these plants, for example, they're starting to look
beyond corn and they're saying, "What's going to come
next?" because they feel the sort of ceiling being approached with
respect to corn ethanol.
So, you know, for some pretty simple supply-and-demand
reasons, you can put limits on the contribution that corn ethanol is going to
make, and those limit— that— those ceilings are much, much higher
for cellulosic ethanol. And that's pretty well a consensus view at this