Ethanol Boom Reaches the Chemical Industry

Basel, Switzerland [] Apart from the sugar suppliers and the obvious winners of this increasing demand for ethanol — the shares of the ethanol producer Pacific Ethanol have climbed by 222.5% since the beginning of the year — Citigroup also sees a potential profit for the chemical industry connected to agriculture according to a recent study. The most likely winner of the ethanol boom could be the US seed producer Monsanto. Citigroup also sees good chances for the chemical conglomerate Dupont, and somewhat smaller chances for Dow Chemicals. …
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