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Thursday, 18 December 2008 16:30 |
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It was only a matter of time given the tight or non-existent margins in the ethanol industry. Much of the initial capital came into ethanol companies because of favorable tax incentives. Now we will see consolidation.
I suspect that we are only beginning the first wave of consolidation. It will be driven by the most efficient current producers. The second wave will see the major oil Source:
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