being an Indcor holder, I was surprised yesterday when I saw that the major sponsor for the US News show, "News Hour with Jim Lehrer" is sponsored by a company producing Ethanol. The advertisement is in cartoon format and promotes the fuel as an enviromentally responsible fuel additive that supports agricultural employment, as it is created from grain. Side products are also used in the Stockfeed industry.
Ethanol has been used to blend petrol in the US since 1970, and is added at levels of 10%, thus named E10. At this level it complies with all Automotive manufactureres warranties, and contributes highly beneficial to the environment due to cleaner emission reading vs unmixed fuel.
Whilst oil producers rally against Ethanol in fuel, they do have a vested interest. Considering US fuel consumption, their E10 format saves them $Billions and stretches their oil reserves a little longer - whilst using a fuel that would pass the regulations under the Kyoto protocol.
ICO (Indcor) have placed themselfes as a major Australian producer of Ethanol.
