31 March 2008 19:54 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS news)--Corn-based ethanol is a bad alternative for motor fuel because it has poor efficiency and no true benefit for the environment, a chemical producer said on Monday.
"Yes, it is renewable, but unless you can viably produce it from cellulosic feedstock, ethanol is not the solution," the source said on the sidelines of the National Petrochemical & Refiners Association (NPRA) annual meeting in San Antonio, Texas. The meeting began on Sunday and runs through Tuesday.
Cellulosic ethanol is made from non-food biomass, including switch grass, wood chips and corn cobs. Technology to produce cellulosic biofuel already exists, but not in large scale.
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The chemical producer said it expects crude oil to remain on an upward trend in 2008, adding that that crude was more likely to hit $120/bbl this year than to drop back under $100/bbl.
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