>>“Cellulosic ethanol” is a scam.
I get the impression from the neighbors of some folks who’ve been conned into literally betting the Farm on Tommy Daschle’s Ethanol bidness that Corn ethanol is a scam too.
It certainly would not be profitable without subsidization AND government mandate for its consumption.
Yeah, it is hard to come up with a firm market value for the EtOH if there was not a mandate. The market value for DDGS is based on its nutritional content, but prices are low due to the flood on the market.