Oil companies take advantage of ethanol market

05/27/2009 | NYTimes.com

With the market for ethanol fuel continuing to grow because of federal mandates, large oil companies increasingly are showing interest in the renewable fuel. BP and Royal Dutch Shell have invested in and formed partnerships with small ethanol firms to commercialize the biofuel. "Any time you get Big Oil into the game, that changes the paradigm because nobody can go large-scale chemical engineering like Big Oil," said Brent Erickson, executive vice president of trade group Biotechnology Industry Organization.

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