15 Januar 2005

United Kingdom: High Oil Prices Bolster Global Ethanol Market

Global production of the renewable fuel ethanol will boom over the next few years if oil prices stay high, analysts said. With crude oil prices climbing toward $46 a barrel ethanol has become an economically viable import for energy- hungry countries to use in industry or as a blend for vehicles, said Sergey Gudoshnikov, senior economist at the International Sugar Organization (ISO), an intergovernmental body.

Source: www.planetark.com, news of 2005-01-11.

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