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Industrialinfo.com
Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: emaildelivery@businesswire.com X-To: TX-INDUSTRIAL-INFO-RES@businesswire.com X-cc: X-bcc: X-Folder: \ExMerge - Thomas, Paul D.\Deleted Items X-Origin: THOMAS-P X-FileName: paul d thomas 6-26-02.PST Welcome to eMail News Delivery, a service from Business Wire. Here is your Industrial Information Resources Inc. news release. If you have received this in error please send a message to: eMailDelivery@businesswire.com with the following command in the body of the message: unsubscribe TX-INDUSTRIAL-INFO-RES If you have questions about this service, please contact your Business Wire Account Executive or service@businesswire.com BW2009 JAN 15,2002 2:05 PACIFIC 05:05 EASTERN ( BW)(TX-INDUSTRIAL-INFO-RES) Industrial Information Resources' Ethanol Production Package Forecasts $4 Billion in Capital Spending Through 2005, in an Advisory by Industrialinfo.com Business Editors & Energy Writers HOUSTON--(BUSINESS WIRE)--Jan. 15, 2002--Researched by Industrialinfo.com (Industrial Information Resources, Incorporated; Houston, Texas). Today, synthetic fuels such as ethanol and biodiesel are emerging as the renewable fuels of the future. New requirements for reformulated gasoline, particularly in California, mean that the gasoline additive MTBE no longer meets requirements and that its usage may be environmentally hazardous. In California, the state air quality board is requiring the removal of MTBE from gasoline by December 31, 2002, making ethanol a likely substitute. Thirteen other states are investigating similar requirements. The controversy surrounding MTBE presents new opportunities for the ethanol industry for the future. The renewed interest in ethanol has prompted Industrial Information Resources (IIR) to develop an exclusive Ethanol Production Package (http://www.industrialinfo.com/esemdethanolpp.htm) to track the new developments occurring in the industry, along with current and future plant production capacities, contact information, and capital spending data. IIR is tracking over $4 billion in capital spending expected to take place over the next three to five years. This will more than double the current capacity of today's ethanol production capabilities. In the year 2001, some 1.8 billion gallons were produced in the U.S. The market for ethanol is forecasted to grow to more than 3.9 billion gallons per year by 2005. Biodiesel, also known as methyl esters, is another renewable fuel derived from new and used vegetable oils. Recent interests in biodiesel have come about after discovering that when a mixture of 20% biodiesel is blended with standard petroleum diesel fuel, sulfur content will be reduced down to acceptable levels. In its pure form, biodiesel can be used as a fuel source in most combustion engines that accept diesel fuels. Further interest could push this product to the commercial market in the future. Today, biodiesel fuel production is at 61 million gallons per year. As demand grows, production is projected to reach 100 million gallons or more annually within the next few years. A Bioenergy stimulus package currently before Congress is intended to reduce the U.S. dependence on foreign oil by 0.5%, while increasing the use of synthetic fuels by 0.5%. Synthetic fuel producers are anticipating a greater role for ethanol and biodiesel through 2005 and beyond. It is forecasted that renewable fuels could boost the U.S. economy by $300 billion and create as many as 300,000 new jobs in the synthetic fuel sectors of the economy by 2016. Industrialinfo.com provides daily news related to the industrial market place including alerts on industry and business trends and project activity. The Ethanol Production Package provides a comprehensive outline of all current development activities in the emerging ethanol market place. This database covers 60 ethanol plants currently in operation and 62 plants under development. For more information on upcoming construction activities in the Synthetic Fuels industry as well as other industrial sectors send inquiries to synfuelsgroup@industrialinfo.com or visit us at www.industrialinfo.com or www.iirenergy.com. --30--KO/na* CONTACT: Industrial Information Resources, Houston Jay Brunson, 713/783-5147 KEYWORD: TEXAS CALIFORNIA INDUSTRY KEYWORD: ENERGY OIL/GAS INTERNET ENVIRONMENT SOURCE: Industrial Information Resources For the best viewing of the news releases please use the following email settings: Courier 10 point. -Notice of Copyright and General Disclaimer- © 2000 Business Wire. All of the releases provided by Business Wire are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire`s members who are solely responsible for their content, accuracy and originality. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission. - Notice of Copyright and General Disclaimer -- © 1999 Business Wire. All of the releases provided by Business Wire are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire`s members who are solely responsible for their content, accuracy and originality. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission.
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