Thursday, October 22, 2020

Tag: THE U.S. CORN ETHANOL BOONDOGGLE: Producing 1 Million Barrels Per Day Of Unprofitable Energy

THE U.S. CORN ETHANOL BOONDOGGLE: Producing 1 Million Barrels Per Day Of Unprofitable Energy

by Steve St. Angelo, SRSRocco Report:

The U.S. Corn Ethanol Industry, the largest in the world, is now losing a serious amount of money producing unprofitable biofuel.  While the situation for the ethanol producers was bad in 2018, due to losses stemming from falling margins, it’s even worse this year.  This has prompted one of the country’s largest ethanol producers, ADM – Archer Daniels Midland, to sell some of its ethanol assets with the possibility of spinning off its entire ethanol business operation.