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Conditions Necessary for Private Investment in the Ethanol Industry AgEcon
Kenkel, Philip L.; Holcomb, Rodney B..
While agricultural economics literature has become rife with the economics of ethanol production and cellulosic ethanol feedstock production, little has been written about capital investment necessary for the magnitude of industry development mandated by the Energy Security and Independence Act of 2007. Financing the development of the ethanol industry to meet the 36 billion gallon production capacity set for 2022 (with 16 billion gallons from cellulosic ethanol) will require capital investments exceeding $100 billion for production facilities, plus extensive investment in feedstock establishment and transportation/handling infrastructure. Federal support associated with political mandates does not address all of the financial issues related with the...
Tipo: Journal Article Palavras-chave: Biofuel policy; Cellulosic ethanol; Industry legitimacy; Private investment; Agribusiness; Agricultural Finance; Crop Production/Industries; Resource /Energy Economics and Policy; Q13; Q42; Q43; Q48.
Ano: 2009 URL: http://purl.umn.edu/53092
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