Could Ethanol Pipeline Become a Reality?
Could Ethanol Pipeline Become a Reality?
January 18, 2010 /EIN PRESSWIRE/ Consulting firm LECG has prepared a report that suggests an ethanol pipeline could be built between South Dakota and New Jersey at a cost of $4 billion.
According to the report, the Midwest-East Coast pipeline could create as many as 80,000 jobs in the short term and employ more than 1,000 permanently once the project has been realized. The report was spearheaded by Poet, the largest ethanol producer in the U.S., and Magellan Midstream Partners, a fuel distribution and storage company.
For such a project to become a reality, a loan guarantee with the U.S. Department of Energy would be needed, but such a guarantee is currently not possible because the loan-guarantee program does not include large-scale renewable fuel pipeline projects.
Keep up with this story and more at Ethanol News Today:
Latest South Dakota Ethanol news - http://ethanol.einnews.com/southdakota/
Latest New Jersey Ethanol news - http://ethanol.einnews.com/newjersey/
Located at http://ethanol.einnews.com, Ethanol News Today is a service of EIN News, an industry leader in news monitoring for business professionals and analysts. Using a combination of proprietary search technology and human editing, EIN News delivers to its members the latest ethanol news from around the world, saving them valuable time they'd spend searching for information. New users to Ethanol News Today can enjoy a no-obligation, one-week free trial.
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The EIN Presswire press release distribution service is a news-syndication solution that distributes news to more than 10 million visitors annually at EIN News and millions more through its press release distribution partners. A news source for leading journalists, decision-makers and industry professionals worldwide, EIN Presswire targets press releases to a wide array of worldwide business professionals in more than 80 different industries. EIN Presswire also offers affiliate network opportunities and news distribution to tens of thousands of news subscribers daily. Read the newest business news at http://www.einpresswire.com and the latest world news in more than 80 different industries at http://www.einnews.com.
January 18, 2010 /EIN PRESSWIRE/ Consulting firm LECG has prepared a report that suggests an ethanol pipeline could be built between South Dakota and New Jersey at a cost of $4 billion.
According to the report, the Midwest-East Coast pipeline could create as many as 80,000 jobs in the short term and employ more than 1,000 permanently once the project has been realized. The report was spearheaded by Poet, the largest ethanol producer in the U.S., and Magellan Midstream Partners, a fuel distribution and storage company.
For such a project to become a reality, a loan guarantee with the U.S. Department of Energy would be needed, but such a guarantee is currently not possible because the loan-guarantee program does not include large-scale renewable fuel pipeline projects.
Keep up with this story and more at Ethanol News Today:
Latest South Dakota Ethanol news - http://ethanol.einnews.com/southdakota/
Latest New Jersey Ethanol news - http://ethanol.einnews.com/newjersey/
Located at http://ethanol.einnews.com, Ethanol News Today is a service of EIN News, an industry leader in news monitoring for business professionals and analysts. Using a combination of proprietary search technology and human editing, EIN News delivers to its members the latest ethanol news from around the world, saving them valuable time they'd spend searching for information. New users to Ethanol News Today can enjoy a no-obligation, one-week free trial.
About EIN Presswire
The EIN Presswire press release distribution service is a news-syndication solution that distributes news to more than 10 million visitors annually at EIN News and millions more through its press release distribution partners. A news source for leading journalists, decision-makers and industry professionals worldwide, EIN Presswire targets press releases to a wide array of worldwide business professionals in more than 80 different industries. EIN Presswire also offers affiliate network opportunities and news distribution to tens of thousands of news subscribers daily. Read the newest business news at http://www.einpresswire.com and the latest world news in more than 80 different industries at http://www.einnews.com.