Just an observation of what I saw in Brazil...There are many local ethanol refineries spread throughout the country side. They are small compact units. I realize it is sugar cane, but same thing could apply here. Transportation costs would reduce as more refineries are built. It also reduces the exposure to terrorist attacks on one large refinery concentration such as Houston, TX. It also reduces the exposure to weather related catastrophies (like hurricanes, etc...)
"Just an observation of what I saw in Brazil...There are many local ethanol refineries spread throughout the country side. They are small compact units. I realize it is sugar cane, but same thing could apply here. Transportation costs would reduce as more refineries are built. It also reduces the exposure to terrorist attacks on one large refinery concentration such as Houston, TX. It also reduces the exposure to weather related catastrophies (like hurricanes, etc...)"
Excellent points.