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Archer Daniels Midland Company Message Board

  • manylumen manylumen Mar 17, 2009 9:39 AM Flag

    biofuels

    From Bloomberg news: march17, by Claudia Carpenter: "Oil unlikely to weaken supporting biofuels, former ceo of BP says", goes on to quote "Biofuels have the potential to play a critical long-term role in the global energy mix.", Interesting comment considering BP is the latest oil company to enter into plans for ethanol production. If i remember correctly BP is the oil company going to build an ethanol plant. The only other oil companies that i think have ethanol production are Hse.to and I think vlo the refiner is buying some ethanol plants. As the comments refer to biofuel i imagine it applies to bio diesel as well as ethanol.

 
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