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Lynd 11 (1:13)
Topic(s): Biofuels / Future Transport
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Video Transcript
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 point.
