NEW YORK, NY--(Marketwire - Dec 4, 2012) - Ethanol stocks have struggled as of late as a recent survey of automakers conducted by the AAA showed that just 5 percent of the 240 million cars and trucks in the U.S. are approved to use E15 ethanol fuels. The Paragon Report examines investing opportunities in the Ethanol Industry and provides equity research on Archer Daniels Midland Company (
Since the Environmental Protection Agency approved E15 ethanol fuel, which is a 15% Ethanol and 85% Gasoline blend, for sale, only 10 filling stations in the U.S. are currently offering the fuel. Major auto manufacturers have said the fuel could cause damage to a majority of the older cars on the road, while several manufacturers have stated they will not cover any engine damage caused by the new blend.
"It is clear that millions of Americans are unfamiliar with E15, which means there is a strong possibility that many motorists may improperly fill up using this gasoline and damage their vehicle," said AAA President & CEO Robert Darbelnet. "Bringing E15 to the market without adequate safeguards does not responsibly meet the needs of consumers."
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ADM delivers clean-burning ethanol to refiners through an expansive network of trucks, railcars, barges and terminals. The company makes ethanol from corn through an efficient process that also produces large amounts of animal feed. The company's bioproducts business decreased $179 million to a loss of $26 million for the quarter ended Sept. 30, 2012.
Green Plains Renewable Energy is North America's fourth largest ethanol producer. The company markets and distributes approximately one billion gallons of renewable motor fuel on an annual basis. Green Plains has agreed to sell 12 of its grain elevators located in northwestern Iowa and western Tennessee to The Andersons, Inc.
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