Expert: Ethanol industry will grow

The fast-growing ethanol industry will attract more private investment and public subsidies, the president of the Renewable Fuels Association said Tuesday at the National Ethanol Conference.

Iowa is the No. 1 ethanol-producing state, making about 25 percent of the 4.9 billion gallons of ethanol made in the United States last year.

Fifteen ethanol biorefineries opened last year. Construction began on 50 new ethanol plants. Another 78 ethanol plants will come on line in another 18 months, he said.

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