Dec 19, 2006

Corn ethanol not wanted by Shell Oil

No K-Fed or Corn-Fed ;-)
In a recent wide-ranging interview with the San Antonio Express News, Shell president John Hofmeister said Shell's position on the source of E85 fuel is clear: the expressed preference is cellulosic ethanol but notes there is no large-scale effort from this segment. Hofmeister says he's concerned about food prices going up if corn is used to produce (Ethanol) E85.

Hofmeister said if subsidies weren't available, then ethanol would be far less popular.


[Source: San Antonio Express News - VIA autobloggreen.com]