9/26/2011

Ethanol producers are faring well this year despite concerns about the soaring cost and tightening supply of corn, according to Walt Wendland, president and CEO of Golden Grain Energy in Mason City, Iowa. "Our industry has done pretty well this year with higher-than-expected gas prices. Corn prices are high but ethanol prices have kept up because of the high price of gasoline," Wendland said. A new Iowa law that gives a tax incentive for selling E15 is also expected to help expand the market for ethanol, Wendland added.

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