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Non-Tech : ADM anyone? -- Ignore unavailable to you. Want to Upgrade?

To: go_globalstar who wrote (78)	7/22/2001 11:00:24 AM
From: go_globalstar	Read Replies (1) \| Respond to of 106

ETHANOL INFORMATION OVERVIEW CONSUMER BENEFITS: · Consumers use more than 10.5 billion gallons of high performance, cleaner ethanol blended gasoline each year. · Ethanol and ethyl tertiary butyl ether (ETBE) increase oxygenated supplies, reducing the need for methyl tertiary butyl ether (MTBE) imports and help to reduce consumer costs. · Ethanol is a high octane blending component used by many independent gasoline marketers -- creating competition for the major oil companies. · ETBE is a low volatile oxygenate which provides refiners a cost-effective means to meet Clean Air Amendment standards. · Ethanol blends can be used in virtually all gas engines without any engine or mechanical revisions. · Ethanol guards against gas line freeze by absorbing moisture that may get in the tank during cold weather. TAXPAYER BENEFITS: · The partial excise tax exemption for ethanol blends that are available to gasoline marketers saves money. · A GAO study has shown that reduced farm program costs and increased income tax revenues offset the cost of the incentive. · According to the USDA, if ethanol use does not continue to grow, "deficiency payments for corn and other program crops will increase by $580 million for crop year 1998 and $740 million by 2000" -- more than the cost of the tax incentive. · The economic activity caused by the ethanol industry will generate $3.5 billion in additional income tax revenue over the next five years -- $1 billion more than the cost of the exemption. · The U.S. ethanol industry will create a net gain to taxpayers of almost $4 billion over the next five years. ECONOMIC BENEFITS: · More than $3 billion has been invested in 43 ethanol production facilities operating in 20 different states across the country. · The ethanol industry is responsible for more than 40,000 direct and indirect jobs, creating more than $1.3 billion in increased household income annually, and more than $12.6 billion over the next five years. · More than 13,500 Iowa jobs are affected by ethanol, including 2,550 directly related to ethanol production. · The ethanol industry directly and indirectly adds more than $6 billion to the American economy each year. · As the economic activity created by the ethanol industry ripples through the economy, it will generate $30 billion in final demand between 1996 and 2000. · Increases in ethanol production offer potential for economic growth in small rural communities. USDA has estimated that a 100 million gallon ethanol plant could create 2,250 local jobs. · Each gallon of ethanol produced domestically displaces seven gallons of imported oil. · Every 100 BTUs of energy used to produce ethanol (including planting, cultivating, harvesting, and processing) yield 135 BTUs of ethanol. By comparison, the same 100 BTUs of energy yield 85 BTUs of gasoline or 55 BTUs of methanol. AGRICULTURAL BENEFITS: · Industrial corn use, which includes ethanol and sweetener production, is now the second largest consumer of corn in America. · Each $1 of up-stream and on-farm economic activity generates $3.20 in downstream economic stimulus attributable to ethanol processing, compared to just $0.3l when corn is exported. · Ethanol production consumed 535 million bushels of corn in 1994 (5.3% of the record 10 million bushel corn crop). · The demand for corn created by the ethanol industry increases crop values -- accounting for approximately $0.14 of the value of every bushel of corn sold last year, or $1.4 billion. · If the market for ethanol did not exist, corn stocks would rise and net income to American corn farmers would be reduced by $6 billion over the next five years, or about 11%. · One acre of corn can produce 300 gallons of ethanol -- enough to fuel four cars for one year with a 10% ethanol blend. ENERGY/TRADE BENEFITS: · Domestic ethanol and ETBE production reduces demand for imported oil and MTBE which drains our economy -- oil and MTBE imports now represent almost 80% of the U.S. trade deficit. · Currently, imported oil accounts for 53% of consumption. · Today, ethanol reduces the demand for gasoline and MTBE imports by 98,000 barrels per day. · Ethanol production generates exports of feed co-products, such as corn gluten, further decreasing our balance of trade. Corn gluten exports exceeded $800 million last year, the single largest U.S. export. · Ethanol production is energy efficient, with a positive energy balance of 125% compared to 85% for gasoline. · Ethanol production is the most efficient method of producing liquid transportation fuels. According to USDA, each BTU used to produce a BTU of gasoline could be used to produce 8 BTUs of ethanol. ENVIRONMENTAL BENEFITS: · Ethanol blends reduce carbon monoxide better than any reformulated gasoline blend - more than 25%. · Ethanol is low in reactivity and high in oxygen content, making it an effective tool in reducing ozone pollution. · Ethanol is a safe replacement for toxic octane enhancers in gasoline such as benzene, toluene, and zylene. · Because it is produced from renewable agricultural feedstocks, ethanol reduces greenhouse gas emissions. (The facts above are reprinted with permission from the American Coalition for Ethanol) IOWA FACTS: · Ethanol demand boosts Iowa's state and local tax receipts by $111 million -- the biggest increase of the top 10 corn-growing states. · Iowa has the processing capacity to manufacture 425 million gallons of ethanol. · In 1997, 580 million gallons of ethanol blended fuel were sold in Iowa. · More than 40 percent of all gasoline sold in Iowa is a 10% ethanol blend. · Since ethanol's inception in 1978, more than 1.5 billion bushels of Iowa corn have been processed into ethanol. · The ethanol processed in 1997 in Iowa would fill 14,000 rail cars. · Approximately 170 million bushels of Iowa corn are processed annually into ethanol.