52_100_Lecture_10_30_07

52_100_Lecture_10_30_07 - 10/29/2007 Benefits of Ethanol...

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10/29/2007 1 Benefits of Ethanol The production and use of ethanol benefits our economy on all levels - local, state, and national. Economic Benefits of Ethanol In its 2002 study "Ethanol and the Local Community", AUS Consultants and SJH & Company found that:
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2 Agricultural 1. Made primarily from corn and other agricultural products, ethanol increases demand for these crops, increasing the price that farmers receive for their crops. Benefits of Ethanol 2. 40% of the nation’s total ethanol production capacity is owned and controlled by farmers and local investors. 3. USDA estimates that Renewable Fuels Standards will generate an additional $2 to $4 billion in net farm income by 2012. Benefits of Ethanol 1. American-made, renewable ethanol directly displaces crude oil we would need to import, offering our country critically needed independence and security from foreign sources of energy. 2. The current production capacity of 6 billion gallons per year can
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This note was uploaded on 04/03/2008 for the course CHEM 101 taught by Professor Hawrelak during the Fall '07 term at Bloomsburg.

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52_100_Lecture_10_30_07 - 10/29/2007 Benefits of Ethanol...

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