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Good news for ethanol, here and abroad

(Thursday, Aug. 29, 2002 -- CropChoice news) -- The Energy bill awaiting completion by Congressional members returning from their recess contains a provision that would triple the use of ethanol and other renewable fuels to about 5 billion gallons by 2012. This could increase farm income by $700 million, reduce the trade deficit by $4.45 billion and create 13,500 jobs, according to USDA analysts.

Meanwhile, the leaders of Brazil and Germany are completing talks on a $43 million, 10-year program to build 100,000 vehicles that run on ethanol. The effort will be part of the Clean Development Mechanism of the Kyoto Protocol on global warming.

For more information on these stories, go to: http://www.soyatech.com/bluebook/news/viewarticle.ldml?a=20020827-5 and http://www.soyatech.com/bluebook/news/viewarticle.ldml?a=20020827-6