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Study shows ethanol subsidy obsolete
—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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