19/09/2022
If we increased the production of h**p, the price of h**p ethanol would be roughly one-fourth that of gasoline, Tim Castleman, a biofuel expert, claims. This is not news to us, at all. A research paper on the process used by Castleman’s company to make h**p ethanol and the price tag associated with commercial production was released in 2001.
He estimated that his “Fuel and Fiber Company” could generate h**p ethanol for about 37 cents per gallon (in 2001 money) at the pump. That works out to around $1.46 per gallon, which is about a fourth of the gas price at the time.
Subsidies are included in both costs. The federal tax credit for producing biofuel was 54 cents per gallon in 2001; it is now $1 per gallon. According to the Fuel Freedom Foundation, however, that represents a minor portion of the government funds supporting the petroleum industry.
If we increased the production of h**p, the price of h**p ethanol would be roughly one-fourth that of gasoline, Tim Castleman, a biofuel.