The argument over using crops to make biofuels is about to get a little louder, courtesy of a new group formed by some of the biggest agribusiness companies in the world.
The new group — formed by Monsanto Co., Archer Daniels Midland, Deere & Co. and DuPont Co. — announced Thursday it will use national advertisements and lobbyists on Capitol Hill to build the case that new technologies can make it feasible to produce crop-based fuels like ethanol and biodiesel, even as grain prices climb worldwide.
Just a niche market three years ago, the biofuels industry has blossomed because of federal mandates requiring the United States to use 9 billion gallons (34 billion liters) of alternative fuel annually by 2009.
The mandates are under attack from a wide variety of groups that blame the new industry for rising food prices that have sparked riots and hoarding everywhere from Haiti to southeast Asia.
Organizers of the newly formed Alliance for Abundant Food and Energy said Thursday they want to change the debate about biofuels. Their plan is to convince consumers and politicians that both goals can be met at once by increasing agricultural productivity.
International Herald Tribune
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The argument over using crops to make biofuels is about to get a little louder, courtesy of a new group formed by some of the biggest agribusiness companies in the world.
