The GPRE presentation starts at about 6:00. Corn Oil is mentioned in the 8th minute. This is a limited ten minute presentation followed by a question and answer period. My summary below reflects what GPRE presented HERE:
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They use almost 2% of the U.S corn production. The blenders tax credit goes to the oil companies that do the blending - and can save the customer about 4.5 cents per gallon. Ethanol plants do not get any government money. Ethanol production is now competitive with [cheaper than] gasoline and taking away the 45 cent/gallon blenders credit the end of this year would not hurt GPRE. The oil companies now produce very low octane gasoline and need the 10% 113 octane ethanol to make the minimum 87 octane regular grade.
Owning 9 Ethanol Plants - GPRE has an annual ethanol production capacity of 740mmgy out of a total capacity of 13.2 Billion gallons - (or about 5.6% of the Ethanol Industry.) Quote:
"Produce over 100 Million pounds of corn oil as a byproduct of the process. This has been a very advantageous investment for us."
SkunK
outstanding!thanks for the update.
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