The newly report regarding Biofuel was released by Soyatech LLC has a say.
It estimated the biofuel production would grow over 16 billion gallons per year by 2015.
Especially the ethanol it goes from 4.5 billion gallons in 2006 to 14.2 billion gallons by 2015. The forecast didn’t go with the proceeding of E85. If the E10 will replace by the more environment friendly E85, then the ethanol consumption would outweigh 14.2 billion gallons by 2015.
When it goes then the butterfly effect would come to the escalation of corn price. Cause most of the ethanol is made from corn nowadays. Finally the price of meats and dairy products would drive up.
But the picture would be changed if ethanol could economically produce via cellulose. So be ware of the technology progression regarding cellulose based ethanol. The fortune lies in.
Reference：
http://www.garp.com/risknews/newsfeed.asp?Category=6&MyFile=2006-09-12-13483.html
http://www.garp.com/risknews/newsfeed.asp?Category=6&MyFile=2006-07-14-13172.html
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