Ethanol Future Seen Tied to Incentives

Soaring crude oil prices are boosting the commercial viability of alternative fuel ethanol, but policy incentives will be needed to promote the biofuel, a senior commodities economist said.

“The world biofuels industry is going from strength to strength as more and more countries jump onto the biofuels bandwagon,” said Lindsay Jolly, senior economist of the London-based International Sugar Organization (ISO).