NewEnergyNews More: Astonishing Things About New Energy, Part 3: Carbon Sink

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  • Monday, November 19, 2018

    Astonishing Things About New Energy, Part 3: Carbon Sink

    5 Hard-to-Believe Renewable Energy Facts…

    Maxx Chatsko, November 11, 2018 (The Motley Fool)

    “…American ethanol helps create the biggest carbon sink on the planet..When low-orbit satellites survey planet Earth for regions with the most photosynthetic activity, a measure of plant growth and carbon dioxide consumption, jungles and the occasional algal bloom in the ocean stand out as expected. But no region swipes more carbon dioxide out of the atmosphere than the American Midwest, home to America's Corn Belt…[which is home to over 90% of the country's ethanol production and more than half of total global output…

    That has created problems in recent years for producers such as Archer Daniels Midland and Green Plains(NASDAQ:GPRE), which are drowning in oversupply, but the industry is taking a lesson from the country's oil and gas boom with hopes to create a more sustainable future: exporting the excess…The United States is on track to export 1.8 billion gallons of ethanol in 2018, and it has now exported over 1 billion gallons for three consecutive years. Considering more export terminals are coming online this year and next, and nearly 1 billion gallons of ethanol production capacity remains offline, this is a trend that shows no signs of slowing…” click here for more

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