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Study shows ethanol subsidy obsolete

Sep 24, 2007
—Transportation and oversupply concerns plague market. Last week, Archer Daniels Midland Co. was passed as the largest producer of ethanol in the U.S. when Poet LLC started production at its new 65 million gallon plant in Portland, IN. The new plant, which will consume an estimated 22 million bushels of corn annually, will increase the company’s annual production to 1.1 billion gallons per year from 22 plants nationwide. The latest plant to come on line th...

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