GO
Loading...

Senator Sees Major Growth in Cellulosic Ethanol

Wednesday, 4 Apr 2007 | 10:19 AM ET

Sen. John Thune told CNBC’s “Squawk Box” that expansion of cellulosic ethanol will ease dependence on corn-based ethanol and help lessen the nation’s dependence on foreign oil, especially from the Middle East.

“We’ve gotten very good at corn-based ethanol and it’s been a very successful story here in South Dakota and across the Midwest,” Thune, a South Dakota Republican, said Wednesday. “Cellulosic ethanol should expand dramatically the number of states that can participate in producing renewable energy.”

Farm Bill Battle
The Federal Farm Bill is up for reauthorization and some Congressional representatives are hosting listening sessions with farmers and ranchers to discuss the challenges facing their industry. Sen. John Thune, (R) South Dakota, is meeting with constituents in South Dakota today, and he discusses issues they're facing with CNBC's Carl Quintanilla.

He said increased use of cellulosic ethanol will ease pressure on corn prices, used for animal feed and cereal for human consumption. Cellulosic ethanol is derived from switch grass and other natural fiber.

“At this point, we’re not anywhere close to reaching the saturation point in corn-based ethanol,” Thune said. “There’s enough corn to go around.”

Featured

Contact Squawk Box

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More
  • Showtimes

    U.S.
    Weekdays 6a ET
    EMEA
    Weekdays 13:00 CET
    Asia
    Weekdays 18:00 SIN/HK
    Australia
    Weekdays 20:00 SYD
    New Zealand
    Weekdays 22:00 NZ
  • Joe Kernen is co-anchor of "Squawk Box," CNBC's signature morning program.

  • Becky Quick is co-anchor of "Squawk Box," CNBC's signature morning program. She's also a columnist for Fortune.

  • Andrew Ross Sorkin is a co-anchor of "Squawk Box," a financial columnist for "The New York Times" and the editor-at-large of NYT's DealBook.