About 1,700 members of the struggling, recession-hit ethanol industry are in Denver to get financial tips and new ideas for keeping their businesses going, writes The Associated Press, which reports that tight credit markets and unpredictable corn and gas prices are putting the squeeze on many of the producers attending the International Fuel Ethanol Workshop. Still, they may just be able to hang on.
Pike Research of Boulder released a report on Monday, stating that combined ethanol and biodiesel markets will reach $247 billion in sales by 2020, more than three times the $76 billion in sales anticipated by next year. Right now, the market looks like a “train wreck,” Pike’s managing director Clint Wheelock said in a statement (via the Denver Business Journal), but in the “10- to 15-year timeframe, the outlook remains very positive.”
As for ethanol policy, the Obama administration is starting to carve a path, writes The Colorado Independent.